In 2018 Ukrnafta paid UAH 7.2 bln in rent
In 2018 Ukrnafta paid UAH 7.2 bln in rent

From the beginning of the year the rent from PJSC Ukrnafta to the budgets of all levels made up UAH 7.2 bln. The oblasts, raions and local communities’ budgets received UAH 358.1 mln, according to the rent sharing mechanism, enshrined in law.

For November, 2018, the company paid UAH 679.6 mln in rent to the state and local communities’ budgets of different levels, including UAH 34.0 mln to the local budgets.

Traditionally the biggest recipients of rent revenues are the communities from Sumy, Ivano-Frankivsk and Poltava oblasts.

5% of rent revenues to budgets of oblasts, raions and local communities, mln UAH

 

For November 2018

For 11 months, 2018

Sumy oblast

13.9

152.5

Ivano-Frankivsk oblast

7.6

80.2

Poltava oblast

6.4

56.3

Chernihiv oblast

3.0

34.6

Lviv oblast

2.4

28.0

Kharkiv oblast

0.5

5.5

Dnipropetrovsk oblast

0.08

0.8

Chernivtsi oblast

0.02

0.3

Total

34.0

358.1

The rent sharing mechanism envisages that 95% of rent revenues go to the central public budget, while 5% - to the local budgets. The local rent revenues are split further with 2% allocated to the raions and 3% to the oblast and local communities where companies produce hydrocarbons. Thus, the rent sharing mechanism allows local communities to receive share of revenues from production of oil and gas.

 

For more information please contact press office: +38 044 239 14 93