Naftogaz pays US$3.2 bln in taxes, duties to budget in Jan-Aug

National Joint-Stock Company Naftogaz of Ukraine in January-August 2019 paid to the national budget nearly UAH 78.8 billion (US$3.2 billion) in taxes and duties.

"Naftogaz Group paid UAH 79.8 billion in taxes and duties to the state and local budgets in January-August 2019," the company's press service said on Sept 12.

Naftogaz Group's contribution accounted for 15.7% of the state budget revenue over the eight months of 2019, the press service added.

Read alsoCabinet may approve Naftogaz unbundling model before next stage of gas talks with Russia

As UNIAN reported earlier, Naftogaz in 2018 paid UAH 137.8 billion ($5.5 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 ($4.3 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.