Today Ukrnafta PJSC held a meeting regarding changes of royalty rate for oil production. During the meeting, the company’s management presented a proposal it has developed, in particular, a draft Law on amendments to the Article 252 of the Tax Code of Ukraine. The central idea of the bill is to link royalty rate to the global oil prices, which reduced significantly lately. It is proposed to use the funds saved on the royalty rate reduction for the implementation of the investment programme.

Participants of the discussion were representatives of Ukrainian Parliament, Ministry of Finances, Ministry of Economic Development and Trade, Ministry of Energy and Coal Industry, and Naftogaz of Ukraine NJSC.