«Ukrnafta» has stopped extraction on 3 deposits due to revocation of licenses

PJSC Ukrnafta is forced to stop the production of oil and gas on Orascom, Golubovsky and Lopushanska deposits in connection with revocation of licenses.

This is stated in the message of the company.

«The decision of the State service of Geology and mineral resources contrary to the interests of the state is more than 35 million USD of foregone taxes annually, the loss of jobs and stagnation of the Ukrainian oil industry in General», — stated in the message.

«That forced the decision to cease production at three fields of Ukrnafta is unprecedented for the company. Cessation of mining activities will lead to irreversible consequences — significant cost of financing of activities on conservation of wells, and perhaps — will lead to their physical elimination as well as reclamation, the risks of ecological character, violation of conditions of development of hydrocarbon fields and others», — said the head of «Ukrnafta» mark Rollins.

We will remind, earlier in an interview with «EP» mark Rollins stated that if the company were denied a license for extraction of natural resources, it will go bankrupt.

As you know, in the third quarter of 2015 PJSC «Ukrnafta» has not fully complied with their tax obligations even, and thus underpaid in the budget of 23,4 million hryvnias.

We will remind, in August 2015 Ukrnafta has signed an agreement with the GFS on the restructuring of debt under 36% per annum.

In October the head of the SFS Roman Nasirov reported on the termination of the agreement on debt restructuring «Ukrnafta».

On October 22, the leadership and representatives of «Ukrnafta» did not come to the expanded Board to solve problems concerning tax debts of the company.

After that the SFS seized the property, including real estate, gas processing plants, wells and commercial products company «Ukrnafta» in the amount of 9,278 billion hryvnia in the framework of the recovery of outstanding tax liabilities.

PJSC Ukrnafta is the largest Ukrainian oil-producing company. The NJSC «Naftogaz of Ukraine» owns 50% + 1 share «Ukrnafta» group of companies «Privat» Igor Kolomoisky — about 42% of the shares.

«Ukrnafta» has stopped extraction on 3 deposits due to revocation of licenses 12.02.2016

Февраль 12th, 2016 by
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