Ukraine's largest oil producer, Ukrnafta, fully met its current tax obligations, having paid UAH 10.5 billion (US$367.5 million) in taxes in 2017, which was 30% up on 2016, according to the company's press service.
Ukraine's largest oil producer, Ukrnafta, increased its net profit by 2.6 times in January-September 2017 year-over-year (y-o-y), from UAH 427 million (US$15.9 million) to UAH 1.097 billion ($40.9 million), according to the company's report on the financial and economic activities published in the National Securities and Stock Market Commission's information disclosure system.
Ukraine's largest oil producer, Ukrnafta, plans to begin selling natural gas in the domestic market of Ukraine as early as 2018, the company's press service reported on Facebook with reference to Deputy CEO Jonathan Popper.
Ukraine's largest oil producer, Ukrnafta, supports the audit of its financial and economic activities by the Audit Commission, which should be established in accordance with the corporate law requirements, according to the company's press service.
Ukraine's oil production fell by 6.3% in January-June 2017 (H1) year-over-year (y-o-y), to 751,500 tonnes, according to the Ukrainian Energy and Coal Industry Ministry's press service.
Ukraine's largest oil producer, Ukrnafta, has sent a new financial recovery plan to the State Fiscal Service of Ukraine (SFS) for approval, according to which it will service current tax liabilities while payments for overdue tax debts estimated at over UAH 13 billion, or about US$493 million, will be subject to three-year restructuring, according to the company's press service.
Ukraine's largest oil producer, Ukrnafta, posted UAH 71.1 million, or US$2.7 million, in net profit in the first quarter of 2017 (Q1) against a net loss of UAH 510 million, or $19.3 million, year-over-year (y-o-y), according to the company's press service.