Ukrnafta has paid its dividends to the State

On the 30th of December 2015, PJSC Ukrnafta fully paid 1,78 billion UAH of its dividends to the majority shareholder NJSC Naftogaz of Ukraine for the period of 2011-2013. The amount has already been transferred to the State budget.

Payment of the dividends liabilities until the end of the current year was one of the key commitments of Mr. Rollins when he assumed office, which he had duly fulfilled.

It is worth mentioning that in October 2015 Ukrnafta also paid dividends to the majority shareholder for 2014 in the amount of 632,3 million UAH.

It can also be announced that a budget for 2016 and a three-year business plan have been submitted to the Supervisory Board for review and approval. This budget proposes renewed investment in the Ukrainian oil and gas sector funded primarily from the company’s internal resources and under a range of commodity price assumptions.

As regards reforms to the company’s Management Board - all previous members have now officially left the Board, three new managers have been appointed and already assumed office, and three more have been nominated to the Supervisory Board for approval and will assume office during January if approved.

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