Business news from Ukraine

“Ukrnafta” paid UAH 3.9 bln in dividends for 2023

29 February , 2024  

PJSC Ukrnafta transferred UAH 3.9 billion of dividends to the state budget as an advance payment based on the results of its business activities in 2023, said the company’s CEO Sergiy Koretsky.

“This is the first installment. In total, more than UAH 8 billion will be paid according to the schedule. This is twice as much as the total for the previous 10 years,” he wrote on his Facebook page.

As reported, the Cabinet of Ministers, by its Resolution No. 163-r of February 27, 2024, ordered Naftogaz of Ukraine, Ukrzaliznytsia, Ukrhydroenergo, Ukrainian Energy Machines, Nizhnednistrovska HPP, and Ukrainian Defense Industry to transfer to the state budget at least 50% of the annual dividends on the state share for 2023 in advance by March.

“Ukrnafta is the largest oil company in Ukraine, which operates a national network of 537 gas stations, of which 456 are operational.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.

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