Ukraine has warned Irish oil company

Monday, July 2, 2018
Ukraine has warned Irish oil company

Ukraine has warned Irish oil company Petrel Resources not to build a liquefied natural gas facility in Crimea, reports The Irish Times. In April, David Horgan, a Petrel director, suggested at the Yalta International Economic Forum that international sanctions against Crimea could be avoided if the plant were built in the Kerch Strait, presumably on the mainland Russia side. Under current sanctions law, EU companies and citizens are banned from investing in energy projects on the peninsula. In September, 2014, after Crimea’s annexation, executives of Gazprom, Petrel’s joint venture partner, spoke at a conference, “Integration of Crimea into infrastructure of Russia’s oil product market.” There, Gazprom identified the Kerch strait as a leading location for an LNG plant.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Uber plans to launch its UberEATS food delivery service in Ukraine by the end of the year

Uber plans to launch its UberEATS food delivery service in Ukraine by the end of the year

Next post
Grain exports fell by 10%, but export revenues grew by 6% in the marketing year that ended Saturday

Grain exports fell by 10%, but export revenues grew by 6% in the marketing year that ended Saturday

Previous Main Topics