Financial Times: Ukraine finally opens its door for energy majors

Print version
Aug. 15, 2012, 5:43 p.m. | Ukraine | Politics — by Kyiv Post

According to the Financial Times, Ukrainian officials on Aug. 15 announced that they had “granted a consortium led by ExxonMobil of the US and Royal Dutch Shell, the Anglo-Dutch group, rights to ink a production sharing agreement for hydrocarbon exploration in a vast territory off its Black Sea coast.”
© (Courtesy)

Kyiv Post

“Finally, some good news for foreign investors in Ukraine,” Roman Olearchyk writes in the Financial Times.


The report continues: “It’s not enough to blot out the bad headlines generated by president Viktor Yanukovich’s standoff with the EU and US over the jailing of opposition leader Yulia Tymoshenko or by western concerns about a broader rollback on democracy. But Ukraine’s long-delayed decision to open its doors to international energy groups shows that the country isn’t entirely turning its back on the west.”

Click here to read the report.


The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus


© 1995–2016 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.