Naftogaz paid to the state budget 95% of profit for 2019

Naftogaz of Ukraine NJSC transferred to the state budget of Ukraine dividends for 2019 in the amount of UAH 48.125 billion. This is reported by the press service of Naftogaz.

According to the report, this is a record amount of dividends received by the Ukrainian budget from a state company. It is 2.4 times higher than similar payments of Naftogaz to the state budget for 2018.

Of this amount, Naftogaz transferred UAH 8.5 billion to the budget at the end of 2019 under the order of the government. Then funds from Naftogaz allowed the budget to make the necessary payments, which were under a threat due to the lack of funds, the press service of the group noted.

According to the government’s decision, the dividends amounted to 95% of Naftogaz’s net profit for 2019.

“Naftogaz Group has been the largest source of revenue for the state budget of Ukraine for several years. The current drop in gas prices makes the task of filling the budget more difficult. At the same time, Ukrainian consumers get an advantage by paying less for gas and heating. The reforms that we are currently implementing in Naftogaz are aimed at further value making for the people of Ukraine,” Andriy Kobolyev, Chairman of the Board of Naftogaz, quoted by the press service, said.

For the first half of this year, Naftogaz paid to the budget UAH 75 billion in dividends and taxes.

18:25 / 1 July, 2020

Upcoming events
08:00 / 26 September, 2019
ODESA OFFSHORE CONFERENCE-2019 Ukraine has every chance to resume the work of the most promising oil and gas region, the Southern oil&gas fields. The untapped deposits of oil and gas are located both onshore and subsea. Four companies have already poised to conclude Production Sharing Agreements with Ukraine, whilst bidding for the Dolphin oil&gas fields on Black Sea shelf. The Odesa Offshore Conference (OOC2019) will serve as a venue for Ukrainian and international bidders to meet with local and international drilling, oilfield service and equipment manufacturers to kick-off emerging subsea and onshore projects in Ukraine.
ODESA OFFSHORE CONFERENCE-2019
12:00 / 13 June, 2019
08:00 / 23 May, 2019
Carpathian Oil&Gas Conference-2019 The development of oil&gas industry, introduction and implementation of new E&P technologies, stimulation, workovers &recovery of oil&gas wells will be among upstream focal points of the FIRST DAY of COGC2019 - 23 May. The SECOND DAY of Conference will be devoted to midstream, downstream, and trade in hydrocarbons, to spotlight the nowadays dynamics and robust changes in the Ukrainian oil&gas market. The Ukrainian Gas Market day of 24 May 2019 will become a marketplace venue for natural gas traders and natural gas transmission & distribution companies to meet and discuss prospective deals in the UAH 200 billion natural gas market of Ukraine.
Carpathian Oil&Gas Conference-2019
All events