Naftogazvydobuvannya ranked in the top three Ukrainian taxpayers in the extractive industry

Naftogazvydobuvannya ranked in the top three Ukrainian taxpayers in the extractive industry

DTEK11 August 2017

Naftogazvydobuvannya, an extraction asset of DTEK Oil&Gas, was ranked third by the amount of payments made to the state treasury among companies operating in the extractive industry, and was rated fifth among the companies of the oil and gas sector, based on the performance for six months of 2017. The company continues to preserve the 13th position in the general rating of the largest Ukrainian taxpayers.

According to the data collected by the State Fiscal Service, Naftogazvydobuvannya paid UAH 2,298 million in taxes to the state treasury.

“Companies operating in the oil and gas sector generate one third of taxes contributed to the state treasury, demonstrating considerable growth by almost UAH 16 bln from UAH 41.7 bln to 57.6 bln as compared to the previous year’s results. A critical part in this process is played by the gas extraction industry that enjoys a significant potential for extraction and is constantly striving to increase its contribution to the economic and energy stability of Ukraine. At the same time, the complete support from the state and local authorities combined with the efforts of gas extracting companies is an absolute prerequisite for the further development of the industry,” commented Igor Shchurov, CEO of DTEK Oil&Gas.



DTEK is a strategic holding company that develops four business streams in the energy sector. DTEK's companies employ 75 thousand people. Maxim Timchenko is the Chief Executive Officer of DTEK. 

DTEK companies produce coal and natural gas, generate electricity at the fossil-fuelled power plants and renewable energy power plants, supply heating and electricity to end consumers, and provide energy services. Four operating companies—DTEK ENERGY, DTEK Renewables, DTEK Oil&Gas, DTEK ESCO— directly manage production companies in each of the business streams.

DTEK's production indicators for 2016: the company produced 31.3 mln tonnes of coal, 1.6 bcm of natural gas, generated (supplied) 40.1 bln kWh of electricity, out of which 608.4 mln kWh came from the Botievo wind farm;   and transmitted 45.8 bln kWh of electricity via the networks.

DTEK is part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov.

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