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.”