Seismic work could involve $40 million of investments in the first year,

Seismic work could involve $40 million of investments in the first year, Naftogaz said on Facebook. “This means the possibility of attracting international investors, and at the same time – on the best terms for Ukraine,” the company wrote yesterday. Last month, Naftogaz unexpectedly pulled out of a $500 million Eurobond sale despite it being oversubscribed. Yesterday’s no tender decision by the Cabinet of Ministers cuts permitting delays. “The company will be able to start developing the shelf immediately after the adoption of the normative act,” Roman Abramovsky, Minister of Environmental Protection and Natural Resources, said at the Cabinet meeting.