News

JV PPC totaled UAH 251.3 million in rent for 6 months 2021

July 22, Kyiv – JV Poltava Petroleum Company (hereinafter referred to as JV PPC) counted 251.3 million hryvnias in rent to the state budget of Ukraine for 6 months of 2021.
Since the beginning of 2021, local budgets of Poltava region received 11.4 million hryvnia from the paid rent, namely:
• to territorial communities and village councils – UAH 6.9 million;
• to the regional budget of the Poltava region – UAH 4.5 million.

The rent paid by companies from mining is a significant income to the local budgets of territorial communities and amounts to 3% of the total amount of accrued and paid rent.
JV PPC is a socially responsible business and a reliable partner of the Poltava region. From January to June 2021, the Company entered into a number of social agreements with local communities and provided additional funds for the reconstruction of the street lighting network in the village. Nekhvoroshcha and Sokolova Balka, repair of a section of the road to Andreevsky Lyceum, drilling a water well for the population of the Nekhvoroshchansk community and support of local educational, medical and sports institutions. In total, in the first half of 2021, the Company provided almost UAH 2 million for the implementation of socially significant projects in the Poltava region.

Reference
JV Poltava Petroleum Company is a Ukrainian-British joint venture established in 1994 and is a subsidiary of JKX Oil & Gas plc. JV PPC is one of the leaders among the non-state oil and gas companies in Ukraine. The company’s field of activity is the search, exploration, production and treatment of gas and oil. Poltava Petroleum Company uses the most modern technologies and methods to achieve energy independence for Ukraine.
The parent company, JKX Oil & Gas plc, is a publicly traded company listed on the London Stock Exchange since 1995 and is governed by a Board of Directors. The CEO of JV PPC and JKX Oil & Gas plc is Viktor Gladun, who has been heading the company since 2016.