KYIV. July 27 (Interfax-Ukraine) – Belorusneft and Romania’s Tacrom have won a tender announced by PJSC Ukrgazvydobuvannia for implementation of 40 fracking operations on wells.
According to the results of the auctions posted in the ProZorro system, Tacrom won the first lot for 20 operations with an offer of UAH 95.75 million, Belorusneft won the second lot with an offer of UAH 95.664 million with the initially expected price being UAH 97.5 million (including VAT) for each of the lots.
As reported, hydraulic fracking operations should be carried out during one year on gas and gas condensate wells of Shebelynka and Poltava gas field managements mainly at a depth of 2,800-5,000 meters, but up to four operations for each lot are planned in wells with condensed reservoirs at depths up to 5,700 meters.
KYIV. July 27 (Interfax-Ukraine) – The free trade agreement between Ukraine and Canada will start working on August 1, 2017; Ukrainian ambassador to Canada Andriy Shevchenko will give a briefing on topical issues prior to this event.
“On Tuesday, August 1, free trade between Ukraine and Canada officially starts: our free trade agreement will come into force,” Ukraine’s embassy in Canada quotes Shevchenko as saying.
The day before, on July 31, the ambassador will hold a thematic briefing for Ukrainian journalists.
“We will discuss the following issues: the main provisions of the Free Trade Agreement, new opportunities for Ukrainian companies, and prospects for Ukrainian-Canadian trade,” the diplomat said.
As earlier reported, the agreement from August 1 will cancel 98% of tariffs for Ukrainian exports to Canada and 72% of tariffs from Canada to Ukraine. Over the next seven years the latter will increase to 98%. Moreover, markets for state purchases are also included. Parts of the agreement safeguard electronic commerce and intellectual property rights.
The trade agreement between Canada and Ukraine was signed in Kyiv on July 11, 2016. Ukraine’s Verkhovna Rada ratified the deal on March 14, 2017. Ukrainian President Petro Poroshenko signed the law on ratification on April 3, 2017.
KYIV. July 26 (Interfax-Ukraine) – The Official Journal of the European Union has published a communiqué on the entry into force of the Association Agreement between the European Union and Ukraine starting from September 1, 2017.
“The Association Agreement between the European Union and the European Atomic Energy Community and their Member States, of the one part, and Ukraine, of the other part, signed in Brussels on 21 March 2014 and 27 June 2014 (1), enters into force on 1 September 2017, in accordance with Article 486(2) of the Agreement, as the last instrument of ratification or approval was deposited on 11 July 2017,” reads a statement posted on the official website for the EU legislation.
As reported, on July 11, the Council of the European Union completed the process of ratification of the Association Agreement between Ukraine and the European Union.
KYIV. July 26 (Interfax-Ukraine) – Piraeus Bank (Kyiv) and Nibulon have signed a loan agreement with a financing limit of UAH 3 million for five years.
“We are pleased to start cooperation with Nibulon, one of the largest Ukrainian producers and exporters of agricultural goods,” the director of the bank department for work with corporate clients, Oleksiy Aniper, said.
Nibulon was established in 1991. It is one of the largest operators in the grain market of the country. It has elevators with a capacity of about 2 million tonnes, as well as its own transshipment terminal with a capacity of 5 million tonnes in Mykolaiv.
Nibulon cultivates 82,000 hectares of land, owns and operates the second largest network of internal elevators and river terminals, a sea terminal in Mykolaiv. The company exports mainly maize, wheat and barley to more than 20 countries. The annual volume of exports reaches 4.5 million tonnes.
