The State Property Fund of Ukraine (SPF) will hold a tender to select an advisor for privatization of public joint-stock company Odesa Port-Side Plant, acting Head of the SPF Vitaliy Trubarov has said. “The Odesa Port-Side Plant will be privatized under the new law with the attraction of an advisor. Now we are working to prepare for a tender to select an advisor, as soon as the Economic Development and Trade Ministry selects their candidate to be a member of the commission, we would switch to the creation of tasks for the advisor and tender conditions,” he wrote on his Facebook page.
Trubarov said that synchronously the fund jointly with international advisors is looking for ways to restructure debts of the company.
As reported, Public joint-stock company Ukrtransgaz has appealed to the National Police of Ukraine asking to interfere in the situation with rapidly growing debts of Odesa Port-Side Plant.
According to Ukrtransgaz, the amount of debt owed to Ukrtransgaz for the services of gas balancing for the needs of the Odesa Port-Side Plant, which was provided to the Ukrainian Energy Company, increased by another UAH 500 million only in April. In addition, the plant has its own debt to the company in the amount of UAH 473 million.
Techagro LLC plant to build three terminals – grain, container ones and a terminal for bulk and break-bulk cargos – totally worth $198 million at the Yuzhny maritime merchandise port (Odesa region), the Center for Transport Strategies has reported, referring to Director of Techagro Viacheslav Boyalsky. According to him, the company owns an 82-hectare land parcel at the entrance to the Yuzhny port water area with a berthing front of 280 running meters and a depth of about 17 meters, which will make it possible to service ships with a carrying capacity of 150,000-170,000 tonnes. “According to the estimate and financial preliminary calculation it requires $198 million of investment. The first thing that we will build is railroad, power lines and water pipelines, which will cost us $6.2 million. We plan to complete the works in 2019 to provide the site with utilities networks,” Boyalsky said.
The construction of the grain terminal is scheduled to begin in 2020, its launching in 2021. According to preliminary data, at the initial stage the grain terminal will handle 4.5 million tonnes per year, including 400,000 tonnes of flour and 200,000 tonnes of vegetable oil.
The container terminal, which Techagro plans to build, will have a capacity of 2 million tonnes and will cover an area of 22 hectares. The terminal for bulk and break-bulk cargo is planned to handle 2-2.5 million tonnes per year. To avoid dust, it will be equipped with two covered tunnels.
JSC Ukrgazvydobuvannia in January-May 2018 increased gas production by 1% or 0.063 billion cubic meters (bcm) year-over-year, to 6.288 bcm, the company’s press service reported last week. The press service said that this production volume in the first five months of the year was reached for the first time since 2014. “For the fourth consecutive month, the company has been increasing daily gas production within the limits of 1 million cubic meters due to all types of operational activity, but since the existing resource base of the company is almost 70% depleted, the natural decline exceeds the growth. The non-issue of new licenses hinders the development of the new resource base of Ukrgazvydobuvannia,” the head of the company, Oleh Prokhorenko, said.
At the same time, he said that the company from the end of this month overcame the May negative factor and moved to the actual increase in daily production compared to last year.
The press service said that in the third and fourth quarters of 2018, Ukrgazvydobuvannia plans to launch new technological capacities: eight booster compressor stations, an increase of up to 50 tools for work-out of wells of external contractors, ten coiled tubing and nitrogen units, and the launch of new wells of external drilling contractors.
Ukrgazvydobuvannia, which is wholly owned by NSJC Naftogaz Ukrainy, is a large gas processing company, which accounts for about 75% of total gas output in the country.
Revenue of Ukraine’s national budget in May 2018 totaled UAH 96.85 billion, which is UAH 2.99 billion or 3.2% more than the target, the State Treasury Service of Ukraine reported on its website last week. According to the authority, revenue grew by UAH 30.86 billion or 46.8% compared with May 2017, which is mainly linked to sending UAH 17 billion to the budget by the National Bank of Ukraine (NBU) compared with UAH 5 billion in May 2017.
Revenue of the general fund was UAH 88.78 billion last month, which is 2.4% more of the target and 43.3% more than a year ago.
In January-May 2018, revenue of the national budget came to UAH 369.7 billion. The target was met by 99.4% compared with 98.2% in January-April 2018. Revenue grew by 13.5% compared with January-May 2017.
Revenue of the general fund in January-May 2018 totaled UAH 337.66 billion, which is 1% less than the target and 22.7% more than a year ago.
According to the materials of the State Treasury Service, tax revenue in January-May 2018 brought UAH 164.51 billion to the budget, which is UAH 0.09 billion or 0.1% less than the target, while customs revenue accounted for UAH 125.65 billion, being UAH 3.59 billion or 2.8% less than the target. Tax revenue grew by 16.2% year-over-year and customs revenue – by 9.6%.
In May, tax revenue reached UAH 42.96 billion, which is 2.7% more than the target and 33.8% more than in May 2017. Customs revenue was 4.3% more than the target – UAH 26.56 billion, which was 12.5% more than a year ago.
In general, the May target of the State Fiscal Service met the target by 103.3%. Revenue totaled UAH 69.52 billion, which his UAH 13.79 billion or 24.7% more than in May 2017.
In January-May 2018, VAT was refunded for the amount of UAH 54.8 billion, which is 14.4% more than in January-May 2017. In May, UAH 11.2 billion was refunded compared with UAH 9.95 billion in April 2018 and UAH 9.86 billion in May 2017.
Revenue of local budgets in May 2018 totaled UAH 21.43 billion, which is 17.5% more than a year ago, and in January-May 2018 local budget saw UAH 93.99 billion in revenue, which was 17.6% more year-over-year.
Single social security tax payments in May 2018 grew by 31% year-over-year, to UAH 18.21 billion, and in January-May 2018 – by 28.1%, to UAH 86.6 billion.
Metinvest, the largest mining and metal holding in Ukraine, in 2017 was 42nd in the list of the largest global steel manufacturers with the volume of 9.59 million tonnes compared with the 37th position in 2016 with the volume of 10.34 million tonnes, the 40th position in 2015 with 9.65 million tonnes and 33rd position in 2014 with 11.18 million tonnes.
According to the World Steel Association (Worldsteel), last year ArcelorMittal with 97.03 million tonnes of smelted steel was first in the 2018 edition of World Steel in Figures.
It is followed by China Baowu Group with 65.39 million tonnes, NSSMC (includes Nippon Steel & Sumikin Stainless Steel Corporation, with 100% of shares, and Nisshin Steel (51%), USIMINAS (31.2%) with 47.36 million tonnes.
The editions of World Steel in Figures of 2018, 2017, 2016 and 2015 did not contain other Ukrainian companies, apart from Metinvest. Industrial Union of Donbas (ISD), which was 44th in 2013 was not included in the next editions.
Worldsteel said that in 2017, Ukraine produced 21.3 million tonnes of steel and was 12th. Apparent steel use was 4.5 million and apparent steel use per capita was 101.5 kg.
Ukraine exported 15.2 million tonnes of steel products, being 12th in the global rating, while China was first and Russia was fourth.
Ukraine was fourth in net exports of steel in the world with 13.8 million tonnes (16.9 million tonnes in 2016, fourth). China was first with 60.9 tonnes and Japan was second with 31.2 million tonnes.
