Sign gas and oil production sharing agreements

Tuesday, September 3, 2019
Sign gas and oil production sharing agreements

Sign gas and oil production sharing agreements with winners of competitions for subsoil use, by Dec. 1. Oleksei Orzhel, the new Minister of Energy and Environmental Protection, tells reporters Monday: “There will be legislative initiatives to increase gas production. There will be reforms in the market, we are inviting everyone to invest.” He says Ukraine produces 1.2% of its known reserves each year, well below the global average of 4-5%.

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