Business news from Ukraine

GEOLOGY SERVICE ISSUES NINE SPECIAL PERMITS TO UKRGAZVYDOBUVANNIA

19 October , 2017  

KYIV. Oct 19 (Interfax-Ukraine) – The State Service for Geology and Deposits has issued nine special permits for subsoil use to PJSC Ukrgazvydobuvannia and resolved most of the problem issues that existed between the agency and the company, the service’s press office has reported.
“Ukrgazvydobuvannia issued nine special permits for the use of mineral resources, including four of them for new subsoil deposits (Rozumivsko-Mazharivsky, Merchenkivsky, Tarkhanivsky, Maksymets-Bystretska area), two of them extending the period of validity of the previous special permits (Butsivska area, Stepne), two more on the introduction of changes (on the Kulychykhinsky and Kosivsky fields), and one for the extraction of hydrocarbons (Dobrianske deposit),” the press service said.
Successful talks between the State Service for Geology and Deposits and Ukrgazvydobuvannia were held on October 18.
Ukrgazvydobuvannia, fully owned by Naftogaz Ukrainy, is the country’s largest gas producer, providing about 75% of the country’s total gas production.