Naftogaz plans to obtain UAH 11.5 billion profit in 2021

The Cabinet of Ministers at a meeting on December 23 approved the financial plan of Naftogaz NJSC for 2021, which provides for a net profit of over UAH 11 billion.

According to the financial plan, net income will amount to UAH 112 billion, net profit - UAH 11.5 billion. The expected payments to the state are UAH 58.1 billion.

"The government committee was passed with the decision to submit a draft order for consideration and decision-making at a meeting of the Cabinet of Ministers in the proposed version," Minister of Economy Ihor Petrashko said.

The explanatory note to the draft order notes that the Ministry of Finance and the Ministry of Energy had comments that were partially considered. The draft was accepted without revision.

Minister of Finance Serhiy Marchenko did not support the draft order. His comments among other state that the expected profit of UAH 11.5 billion is not consistent with the indicators of Naftogaz for 9 months of 2020. During this period, the company received a loss of UAH 17 billion.

Marchenko also noted the need to review the planned revenues and expenditures, taking into account violations identified by the State Audit Service. Among other comments of the Minister are the volumes of gas production by the subsidiary of Naftogaz, Ukrgasvydobuvannya, determined in the plan. In the plan, they are set at the level of 13.3 bcm, but the Concept for the gas production industry development provides for the production of 21 bcm.

10:15 / 24 December 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.
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