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

Upcoming events
08:00 / 26 September, 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
10:00 / 8 February, 2019
AGROPETROL-2019 AGROPETROL is the only conference in Ukraine to meet producers and suppliers of diesel, gasoline, propane-butane, natural gas, electricity and miner with consumers - representatives of agricultural companies and industrial enterprises. Representatives of the procurement department with traders will meet in Kiev on February 8
All events