What foreign companies need in order to invest in Ukrainian hydrocarbon production.

According to the owner of Alfa Gas, Oleksandr Katsuba, Italian, British, and Middle Eastern companies are interested in the Ukrainian oil and gas market. However, investors expect predictability in the rules of the game as well as investment incentives.

In addition, after the war’s end, the market needs a balance between the state’s interest in collecting taxes and providing incentives to expand production. For investors to invest in the industry, it is necessary to stimulate the drilling of new deep and ultra-deep wells. This, according to Katsuba, requires tax incentives.

“I would also intensify work on concluding production sharing agreements with potential investors. This will increase production in the west of the country and then in the east and south,” says Katsuba.

In his opinion, working with local authorities is no less important. It should not consider the investor a source of personal enrichment because an investor is a partner for the country and the community. At the same time, any new agreements should be established for at least 5-10 years.