News List


News List:

JKX Oil & Gas publishes its report on payments to state budgets

JKX Oil and Gas plc has presented its consolidated report on payments to the budgets of the countries, where the Company provides activities related to exploration, development and extraction of oil and gas resources for 2017. The information was published on London Stock Exchange website.

The Company discloses payments made to the national, regional or local authority of a country.

Below the payments made by JV “Poltava Petroleum Company” (PPC), a subsidiary of JKX Oil and Gas in Ukraine, are presented.

Payments are presented in a reporting currency – US$, based on the exchange rate existing at the time the payment is made.


Production taxesCorporate income taxesInfrastructure improvementsFeesTotal
State treasury: State budget15,0302,93417,964
State treasury: Local budget142142
Total Ukraine15,0302,934142– 18,106


Payments to governments by project type made during 2017:


Production taxesCorporate income taxesInfrastructure improvementsFeesTotal
Novomykolaivske Complex10,33511410,449
Elyzavetivske field4,695284,723
Payment at an entity level2,9342,934
Total Ukraine15,0302,934142 18,106

More details about the Report can be found following the link.