The Cabinet of Ministers of Ukraine has approved Ukrnafta’s Financial Plan for 2024. In 2024, the company’s net revenue is expected to reach UAH 118 billion, and the net profit is forecast at UAH 18 billion.

The draft Financial Plan for 2024 also envisages:
— UAH 31 billion in taxes and fees; and
— UAH 8.7 billion in dividends payable to the state.

In 2023, Ukrnafta earned UAH 24 billion in net profit and paid UAH 26 billion in taxes and fees. In addition, the company will pay over UAH 8 billion in dividends.

“I am truly grateful to the government officials who recognise the company’s potential and support us,” says Sergii Koretskyi, CEO at UKRNAFTA. “In 2024, the company expects to achieve considerable growth backed by investments in its development, including the start of drilling of 30 new wells, purchase, and installation of world-class stimulation equipment, and upgrade of the filling station network.”