Naftogaz pays $1.1 bln in taxes, dividends to budget in Q1

National Joint-Stock Company Naftogaz of Ukraine in January-March 2019 (Q1) paid to the national budget about UAH 29.5 billion (US$1.1 billion) in taxes and dividends.

"Naftogaz Group paid UAH 29.5 billion of taxes and duties to the state and local budgets in January-March 2019," the company said in a statement on April 11.

Revenue from Naftogaz Group exceeded 14% of total national budget revenue in Q1 2019, it said.

For comparison, the national budget for 2019 earmarked UAH 19 billion ($709.7 million) for the National Health Service for primary health care and UAH 55 billion ($2.1 billion) for household subsidies.

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As UNIAN reported earlier, Naftogaz in 2018 paid UAH 137.8 billion (US$5.1 billion) in taxes and dividends, which was almost a third more than in 2017.

The corresponding sum Naftogaz paid in 2017 was over UAH 107.3 billion ($4 billion).

UNIAN memo. NJSC Naftogaz of Ukraine is the largest state-run vertically integrated oil and gas holding whose subsidiaries account for about 90% of oil and gas production in Ukraine. Naftogaz develops oil and gas fields, produces crude oil and natural gas. Its core business is also transportation and trade in fuel through its own network of filling stations.