Aug 4 (Reuters) - JKX Oil & Gas Plc said it wouldtake "operational and financial measures" to protect itsinterests after the Ukrainian government passed emergencylegislation that will increase oil and gas production taxes.
The company, which has most of its production assets inUkraine and Russia, said it was evaluating the impact of thelegislation on its investment programme.
JKX said the most significant tax increase would apply togas production, where the rate would approximately double to 55percent between Aug. 1 and the end of the year.
The company gave no further details about the measures thatit plans to take.
JKX said in its half-yearly report on July 28 that itsoperations in the region had not been affected by unrest inUkraine or the deterioration in relations between Ukraine andRussia. (Reporting by Roshni Menon in Bangalore; Editing by RobinPaxton)
