The dominance of Ukrainian state companies in tender bids for nine oil and gas production sharing agreements is “a major concern,”
Friday, June 7, 2019

The dominance of Ukrainian state companies in tender bids for nine oil and gas production sharing agreements is “a major concern,”

The dominance of Ukrainian state companies in tender bids for nine oil and gas production sharing agreements is “a major concern,” says the US-Ukraine Business Council. Noting that state-owned UkrGazVydobuvannya participated in nine of the 22 bids, the USUBC writes: “A major concern has been expressed by many energy experts about state-owned companies like UGV, being allowed to bid in a program designed to attract private international and domestic investors…State-owned companies do not need any additional privileges and incentives.”

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Ukraine accounts for 45% of the 186 active oil and gas drilling rigs active in Europe today,

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