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07.10.2015

New Ukrnafta Management To Reveal Payment Data in Coming Weeks

 

Ukraine is preparing a report under the Extractive Industries Transparency Initiative, in which it should reflect all tax payments made by mining companies to the central and local budgets, and, on the other hand, show the data from executive authorities of how much money has come to the central and local budgets from the mining companies. The report is expected to be published in this October, according to OlenaPavlenko, president of the DiXi Group Think Tank.

 

“The data collection has long begun; many mining companies have already submitted the required data. The most problematic remains Ukrnafta – the former management of this company did not even want see the documents to be filled out. In view of the fact that Ukrnafta is not only a state company, but also produces a significant share of hydrocarbons in Ukraine, such a “hole” in the report may create a big problem for Ukraine.

 

The new Ukrnafta management has proclaimed new transparent and Western management principles. The provision of data for the report falls completely within the scope of these principles – after all, the published document will show the new business approach of Ukrnafta. It is therefore very important that the new chairman of the company, M. Rollins, positively respond to the request of the government and Administrator and reveal the sums of all payments the company made in 2013.”

 

Olena Pavlenko
President of DiXi Group

Our platforms

https://ksep.energy/en/

Independent energy educational center

http://eiti.org.ua/

National website of Extractive Industries Transparensy Initiative in Ukraine 

http://ua-energy.org/

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform

Our platforms

https://ksep.energy/en/

Independent energy educational center

http://eiti.org.ua/

National website of Extractive Industries Transparensy Initiative in Ukraine 

http://ua-energy.org/

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform