Business news from Ukraine

Business news from Ukraine

LARGEST UKRAINIAN OIL PRODUCER PAYS UAH 7.8 BLN OF ROYALTIES

2 February , 2019  

PJSC Ukrnafta in 2018 paid UAH 7.8 billion of royalties to the budgets of all levels, the company’s press service has reported.
The press service said that UAH 389.3 million was paid to the local budgets, including UAH 165 million in Sumy region, UAH 87.4 million in Ivano-Frankivsk region and UAH 62.5 million in Poltava region.
As reported, Ukrnafta in 2018 increased extraction of oil and gas condensate by 5% or 0.069 million tonnes compared with 2017, to 1.448 million tonnes. Gas production in 2018 fell by 2.3% or 0.026 million cubic meters, to 1.082 billion cubic meters, and production of liquefied gas decreased 5.2% or 6,000 tonnes, to 110,000 tonnes.
Ukrnafta is the largest oil producer in the country. National joint-stock company Naftogaz Ukrainy owns 50% and one share of Ukrnafta, and a group of companies associated with former shareholders of PrivatBank – about 42% of the shares.

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