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Ukraine's largest oil producer, Ukrnafta, in January-August 2019 paid UAH 8.7 billion (US$344 million) in taxes to the budgets of all levels.

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"The paid taxes include UAH 52 million ($2 million) in overdue tax debt the company paid off over the period under review," the company's press service said on September 4.

In 2018, Ukrnafta fully met its current tax obligations, having paid UAH 16.3 billion ($644.5 million). The company became the fourth major tax payer in the country, the press service added.

As UNIAN reported earlier, Ukrnafta boosted its net profit by 63 times in 2018 from 2017, to UAH 6.438 billion ($254.6 million).

UNIAN memo. Ukrnafta is the largest state-owned oil and gas company in Ukraine. It accounts for about 70% of oil and condensate production, and 11% of gas extraction in the country. Ukrnafta is one of the key players in the retail market for petroleum products in Ukraine: the company owns more than 560 fuel filling stations throughout the country.