Naftogaz to pay UAH 60 bln of tax to national budget for 2016

09:46, 05.01.2017 1 min read

National joint-stock company Naftogaz Ukrainy will pay around UAH 60 billion of taxes to the national budget for 2016, Naftogaz Head Andriy Kobolev has said.

"Our strategic plan is the following: Naftogaz would never receive support from the budget and pay the sums of taxes that a large oil and oil company is to pay. For example, this year this is UAH 60 billion," he said on Channel 5 TV late on Wednesday.

He said that Naftogaz after separation of the gas transport business intends to see profits and not receive subsidies from the national budget as it was recorded in the past years.

"Thanks to the fact that all prices from April 2017 would become unregulated – Naftogaz will operation on the fully open market – we expect to see profit that could be no as large as profit from gas transit, but it [Naftogaz] would be profit making," Kobolev said.

As reported, Naftogaz in January-September 2016 saw a 109-fold rise in net profit, to UAH 25.521 billion.