Government to stimulate of oil processing sector of Ukraine.

By bne IntelliNews October 24, 2012
The government plans to consider amendments to the Tax Code of Ukraine in order to stimulate the reconstruction and modernization of oil refinery sector objects. According to various experts, amendments may concern an import duty for oil products and taxation of equipment and installation for oil refineries, which is removed to the customs territory of Ukraine. Currently, only Kremenchuk oil refinery is operational, out of six oil refineries, located on the territory of Ukraine. Lysychansk oil refinery, possessed by TNK-BP, was shut down for repairs for an indefinite period of time due to unprofitability of processing. Rated capacities of Ukrainian oil refineries are designated to process about 50.3mn tonnes of oil a year.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 296
Dismiss