The state service of Geology and subsoil of Ukraine informed PJSC Ukrnafta on that September 1 will be suspended three special permits for subsoil use. About it reports a press-service of Ukrnafta.

This list includes Harkovskoe, Hlinsko-Rozbyshivske and Rudovska-airport field in Poltava region.

“The reason for the suspension of the permits was existing “historical” obligation to pay rent tax,” – said in the message.

At Ukrnafta declare that the suspension of hydrocarbon production will lead to irreversible consequences for Ukrnafta and the state, since at these fields the company produces annually about 30 thousand tons of oil, 502 million cubic meters of natural gas. And this, in turn, will lead to a shortfall of government’s current tax payments. If the parties fail to reach consensus on this issue, Ukrnafta will use their right to defend their interests in court, the company said.

“The suspension of the license will not help the state to achieve the desired goals and to expedite the return of tax debt. On the contrary, as a result, reduced cash flow of the company and to pay the debt becomes even harder. The only way out is the introduction of the procedure, pre-trial rehabilitation, which will allow us to pay off accumulated debts and save operations. We hope that on 15 September at the General meeting of shareholders will start this process”, – said the Chairman of the Board of PJSC Ukrnafta mark Rollins.

We will remind, earlier the management of PJSC Ukrnafta suggested that the mechanism of repayment of accumulated debt – the initiation of pre-trial rehabilitation, which involves a debt repayment plan of the company to all its creditors.

PJSC Ukrnafta is the largest oil company in Ukraine. The share of the company in the national production of oil with gas condensate in 2015 amounted to 67.9% of the share in the total gas production of 7.6%. Drilling management of Ukrnafta have 58 rigs, 1941 oil and 177 gas wells. PJSC Ukrnafta owns 537 filling stations in all regions of Ukraine. 50% + 1 share of the company belongs to NJSC Naftogaz of Ukraine, and about 42% of shares group of companies of Privat Igor Kolomoisky.

Ukrnafta may suspend work on three fields 30.08.2016

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