RE: JKX 10% Stake in Ukrnafteburenie13 Dec 2020 20:56
Ukrnafteburenie sent UAH 31.8 million of rental payments to local budgets for 9 months of 2020
News / 28.10.2020 Ukrnafteburenie put into operation a propane refrigeration unit at the Sakhalin field
During January-September 2020, the total amount of the rent paid by PJSC "Subsidiary Company" Ukrnaftoburiene "for the use of subsoil for the extraction of oil, natural gas and gas condensate amounted to UAH 635.5 million. UAH 31.8 million of this amount was allocated to local budgets, including:
- UAH 12.7 million - to the regional budget of the Kharkiv region;
- UAH 12.7 million - to the budget of the Krasnokutsk region;
- UAH 6.4 million - to the budgets of Alekseevsky, Kachalovsky and Kitchennkovsky village councils.
In the third quarter of this year, the total rent amounted to UAH 170.4 million. Of these, UAH 8.5 million were allocated to local budgets.
“Even in the context of an unstable market situation, the National Bank continues to fully fulfill its financial obligations to the budgets of all levels. As a responsible business, we understand how important our support is to local communities. We are glad that the decentralization of the rent allows us to provide this support, ”said Vitaly Dorogan, head of the financial department of PJSC“ House of Culture “Ukrnaftoburenie” .
As a reminder, on January 1, 2018, the Law of Ukraine "On Amendments to the Budget Code of Ukraine regarding the crediting of rent for the use of subsoil for the extraction of oil, natural gas and gas condensate" came into force, which contributed to the decentralization of rent payments.
To put that in US Dollars
$22,726,471.38 for nine months
Comparing the figures in relation to payments and Gas/ Oil production gives a figure of a $2 Billion pound company which gives a JKX value of $200 Million
Information on this company is hard to find , hence still researching
Please add to correct the above
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