Ukraine expects UAH 40 bil royalties in gas and oil development
The revenues from royalties in gas and oil development to the 2019 State Budget of Ukraine are expected at UAH 39.366 bil. This amount is mentioned in the Draft Law № 9000 dated September 15, 2018 “On State Budget of Ukraine for 2019”, as published on the webpage of Verkhovna Rada [the Parliament of Ukraine-Ed.].
The royalties are drafted as UAH 5.792 bil in oil, UAH31.159 bil in natural gas, and UAH 2.415 bil in gas condensate. Noteworthy, that royalties in oil&gas take 80 % in Ukraine’s total annual collections from royalties in development of the nation’s mineral resources.
18:06 / 17 September 2018
09:00 / 23 September, 2021
09:00 / 20 May, 2021
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.