Ukrnafta paid UAH 5.0 bln of rent for 8 months
Ukrnafta paid UAH 5.0 bln of rent for 8 months

For August, 2018, PJSC Ukrnafta paid UAH 694.5 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 34.7 mln from this sum.

In total, from the beginning of the year the rent from the company to the budgets of all levels made up UAH 5.0 bln, including UAH 249.1 mln to the local budgets.

The biggest recipients of rent revenues are the same communities from Sumy, Ivano-Frankivsk and Poltava oblasts as earlier.

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

 

For August, 2018

For 8 months, 2018

Sumy oblast

14.7

107.5

Ivano-Frankivsk oblast

7.9

55.4

Poltava oblast

5.2

37.4

Chernigiv oblast

3.3

24.4

Lviv oblast

2.9

19.8

Kharkiv oblast

0.6

3.8

Dnipropetrovsk oblast

0.07

0.6

Chernivetska oblast

0.03

0.2

Total

34.7

249.1

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.

According to the recent estimates, Ukrnafta will pay circa UAH 6.4 bln in rent in 2018, with about UAH 320 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