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JKX Oil & Gas comments on revised rate of gas production tax in Ukraine


Published Jan 8, 2016
JKX Oil & Gas plc

The Ukraine Government has passed legislation to reduce the gas production tax in Ukraine from 55 per cent. to 29 per cent. with effect from 1 January 2016.

JKX has been at the forefront of campaigning for this reduction which should restore the viability of new capital investment by independent gas producers in Ukraine.

As previously stated, the Board has plans in place for reinstating previously suspended drilling programmes on its Ukrainian production licences.

Tags: JKX Oil & Gas plc




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