Report of Naftogaz for 2019: KOBOLEV says the company gave the budget 16% of revenue

Отчет Нафтогаза за 2019 год: Коболев говорит, что компания дала бюджету 16% поступлений

“Naftogaz of Ukraine” has published the report on its activities in 2019.

It is noted that the integrated report contains extensive data about the market and the regulatory environment of the group in 2019; the strategy and performance of key business units, a report on corporate governance, information management staff, occupational safety, corporate social responsibility, and the review of the financial results of the group.

Chairman of the Board of Naftogaz Andrey Kobelev has noticed that 2019 was the year effective of the reset in relations between the largest company of Ukraine and the government.

“We are not the first time I saw what a huge synergy able to provide well-coordinated teamwork of the government, Parliament and Naftogaz. The result of this synergy of steel flawlessly implemented the separation of the gas transportation system, successful negotiations with Russia on the extension of gas transit through the territory of Ukraine. We are grateful to the head of state, government team and the MPs for the willingness of coherent and effective cooperation with Naftogaz for the benefit of the people of Ukraine “, – said Kobolyev.

He also thanked international partners from the EU and the United States for supporting Ukraine in these complicated projects?? expressed hope for this?? effective collaboration and in 2020.

According to the Naftogaz, in 2019, the company was again the largest source of state budget revenues, for the year the group paid in state and local budgets 121,4 billion UAH of taxes and dividends, providing about 16% of revenues.

“Last year, Naftogaz has generated the largest profit among public companies of Ukraine in the amount of 50.6 billion. Of this amount, 95 percent group paid as dividends”, – stated in the message.

It is noted that Naftogaz has also attracted in 2019 of about $ 1.5 billion. Eurobonds, which helped to accumulate in underground storage volume of gas necessary for the sustained provision of Ukrainian consumers with gas and warmth even in the case of a transit stop. At the same time, thanks to the successful integration of the Ukrainian gas market with the EU market, the wholesale price of gas for needs of the population in Ukraine in 2019 decreased by 25%.

Among the significant achievements of Naftogaz last year called qualitatively and in short terms held unbundling Ukraine’s gas transportation system, successful negotiations with Russia and Gazprom, which culminated in the signing of a new transit contract. Under this contract, the Ukraine in the next five years will receive a minimum of $ 7.2 billion. guaranteed income. Naftogaz also received more than 2.9 billion dollars. compensation from Gazprom by the decision of the Stockholm arbitration.

In addition, Naftogaz reported that this year is a crisis for the oil and gas industry. A significant drop in global prices for hydrocarbons was intensified the negative impact of the pandemic COVID-19. Given these conditions, the Group Naftogaz regularly reviews its operating costs and investment programs, focusing on revenues and the expected profitability of investments. At the same time, Naftogaz continues to pay special attention to such areas as environmental protection, development of regions, increasing the competencies of employees of working professions and management personnel. Funding each of these areas will increase compared to last year.

As reported in January of this year, according to operative data, the Group Naftogaz in 2019 paid to the state budget 120,3 billion UAH of taxes and dividends, which is about 16% of the total state budget revenues.

The government