Site icon UBN

Facing criticism over Ukraine’s stagnant oil and gas production, the State Geology Service now advocates open auctions for licensing exploration and production permits

Facing criticism over Ukraine’s stagnant oil and gas production, the State Geology Service now advocates open auctions for licensing exploration and production permits

, ending often opaque alternative approval channels. Oleg Kirilyuk, acting head of the department, Gosgeonadra, made the recommendation to the Ministry of Natural Resources. Recently, Kirilyuk announced that over 40 auctions will take place in the second half of this year.

Exit mobile version