Ukraine and China have signed an agreement on the joint development of the Black Sea oil and gas shelf, the press service of the Regions Party reported on Friday, August 27.
"On the eve of the state visit by Ukrainian President Viktor Yanukovych to China, a Ukraine-China agreement on the joint development of the Black Sea oil and gas shelf was signed in Kyiv," the statement from the Regions Party reads.
According to MP Valeriy Konovaliuk, the value of the project will be about $200 million.
"And this is only the start of the realization of our large-scale bilateral projects," he said.
