In Ukraine’s largest new PSA in more than five years,

In Ukraine’s largest new PSA in more than five years, the official Uryadovy Courier has published governmental approval of the transfer of 90% of rights and obligations of the old Royal Dutch Shell gas concession in Kharkiv and Donetsk regions to Yuzgaz BV, a Ukrainian-controlled Dutch company. Yuzgaz has contracted Slovakia’s NAFTA to develop the Yuzivska field, where work was frozen in 2014 in face of the military threat from Russia. A Yuzgaz official says he believes that restarting the project in 2019 will encourage foreign companies to invest in Ukraine oil and gas.