Business news from Ukraine

Business news from Ukraine

New British prime minister intends to return moratorium on hydrocarbon production by hydraulic fracturing

British Prime Minister Rishi Sunak intends to return the moratorium on hydrocarbon production by hydraulic fracturing (HF) in England, writes the Financial Times newspaper.
The ban, in place since November 2019, was lifted by the Liz Truss government in September. Then Truss explained this decision by the fact that the energy security of the country should become an absolute priority.
Sunak, who spoke in the House of Commons on Wednesday, said he supported the Conservative Party’s 2019 public declaration saying fracturing in England would not be allowed “until science clearly shows it can be done safely.” “.
The UK has halted hydraulic fracturing after a series of tremors were recorded in the country’s only shale well near Blackpool in northwest England.

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COMPANIES FROM ROMANIA AND BELARUS TO CONDUCT HYDRAULIC FRACTURING AT 80 WELLS IN UKRAINE

Romania’s Tacrom and Belorusneft will conduct hydraulic fracturing at 80 wells of public joint-stock company Ukrgazvydobuvannia for UAH 486.5 million, according to the ProZorro e-procurement system. Tacrom, in particular, won a lot during a tender and conduct hydraulic fracturing at 50 wells of Ukrgazvydobuvannia for UAH 303.8 million. Belorusneft wins another lot and will conduct hydraulic fracturing at 30 well for UAH 182.725 million.
Tacrom and Belorusneft were the only rivals during the tender.
Ukrgazvydobuvannia, which is wholly owned by NSJC Naftogaz Ukrainy, is a large gas processing company, which accounts for about 75% of total gas output in the country. It operates Shebelynka gas refinery.

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