Press releases in February 2008 | |||
TNK-ÂÐ increased payments to Ukrainian budget
Upon the results of 2007 group of companies ÒNÊ-ÂÐ in Ukraine transferred to budgets of all levels over 3,6 B UAH of taxes and charges, thus exceeding 2006 indicators by 10%. Also last year holding has increased excise duty payment by 41,5% and practically doubled payments to pension fund.
«Company is fully responsible to state as far as its obligations are concerned, it looks after compliance with tax discipline and increments payments to budget, – stated Sergey Lizunov President of ÒNÊ-ÂÐ Commerce LLC – TNK-BP group charges in Ukraine cover around 14,5% of Lugansk oblast budget and over 26% of Lisichansk budget».
Meanwhile according to top-managers, due to problems with VAT reimbursement company investment plans fulfillment related to Lisichansk Refinery modernization and marketing infrastructure development slowed down.
«As of 1 January 2008 in the frame of VAT reimbursement obligations, company under-received 335 MM UAH from the state, – stated Sergey Lizunov. – Needless to say, this has extremely negative reflection on the economics of oil refining enterprise, operating with minimal breakeven under rigid competition conditions with external manufacturers».
Note
ÒNÊ-ÂÐ – international vertically-integrated holding, which is among ten major private oil companies in the world as far as oil production volumes are concerned. Company was formed in 2003 as the result of merger of oil and gas assets ÂÐ in Russia and oil and gas assets of Alfa consortium, Access Renova. ÂÐ and ÀR own ÒNÊ-ÂÐ on parity basis.
In Ukraine the major efforts of TNK-BP are focused on implementation of large-scale investment projects, aimed at achievement of the most modern requirements in the sphere of trade and services. Company is focused on the development of Lisichansk Refinery and forming good quality sale network.
TNK-BP demonstrates conscientious, socially responsible approach to running business. Company is governed by the principles of business transparency and responsibility, with regard to state inclusively, in terms of full and timely taxes and duties payment. TNK-BP supports unified rules of game for all players in the market and sets up legal frame, excluding possibilities for unfair competition and application of «grey» schemes.
Source: Public Communications Department