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%.
Sign gas and oil production sharing agreements
