Rent revenues from Ukrnafta to local budgets for April
Rent revenues from Ukrnafta to local budgets for April

For April, 2018, Ukrnafta paid UAH 606,6 mln in rent to the state and local communities’ budgets of different levels. According to the rent sharing mechanism, enshrined in law, the oblasts, raions and local communities’ budgets received UAH 30,3 mln. From the beginning of the year to the budgets of all levels Ukrnafta paid in total UAH 2.4 bln rent, including UAH 118,3 mln to the local budgets. 

TOP 3 oblasts the communities of which are the biggest recipients of the rent revenues from Ukrnafta remains the same: the communities from Sumy oblast received UAH 12,9 mln, from Ivano-Frankivsk oblast – UAH 6,9 mln and from Poltava oblast - UAH 4,8 mln.

5% of rent revenues for April 2018 to budgets of oblasts, raions and local communities, mln UAH

Sumy oblast

12.9

Ivano-Frankivsk oblast

6.9

Poltava oblast.

4.8

Chernigiv oblast

2.9

Lviv oblast

2.2

Kharkiv oblast

0.5

Dnipropetrovsk oblast

0.08

Chernivetska oblast

0.02

Total

30.3

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.

According to preliminary estimates, Ukrnafta will pay circa UAH 5.5 bln in rent in 2018, with about UAH 270 mln in rent revenues going to the oblasts, raions and local communities where the company operates.

 

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