Slovak NAFTA International B.V. buys out Ukrainian Cub Energy Inc.

CMS Cameron McKenna Nabarro Olswang in Ukraine has advised NAFTA International B.V. (NAFTA), a Slovak oil and gas exploration, production, and gas storage company, on the buyout of its joint venture partner, Cub Energy Inc., to become the owner of 100% of the Ukrainian company which holds a license for the exploration and production of hydrocarbons near Uzhhorod, Ukraine. The License, covering 300 square kilometers, is a geological continuation of much-explored areas in eastern Slovakia and is on trend with discoveries in Slovakia, said a press release.