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 President's Close Friend Gains Access to Shale Gas Production in Ukraine

Dnepropetrovsk oblast council has transferred 8 deposits of shale gas to the Golden Derrick Company last Friday.

According to Dmitriy Gnap's post on his blog, Dnepropetrovsk oblast governor Vilkul called the company's involvement "attracting a powerful investor".

"The documented owner of the company is a Hungarian attorney-at-law Peter Pallag. On paper he is the owner of the Cypress Hartlog Limited Company that owns 70% of Golden Derrick. 30% of the Company belongs to Nadra Ukrainy National Joint Stock Company (NJSC). This state share provides Golden Derrick with an opportunity to receive gas deposits without any auctions. And it does receive a lot of them. For instance, in the past 6 months the company received 20 (!) deposits in Poltava oblast which comprises 15% of the oblast territory - all of them for free!", writes Gnap.

The journalist managed to find out that Peter Pallag has been working for the Prisyazhnyuk family for many years. "And Nikolay Prisyazhnyuk is not only the Minister of Agriculture and Industrial Policy of Ukraine but he is also Viktor Yanukovych's close friend since Yenakiyevo times (the President's native town), a business partner of Yuriy Ivanyuschenko, etc., etc. That is why it's not surprising that governor Vilkul calls him a powerful investor. This man does have powerful things - connections and appetite", writes the journalist.

 
 
 
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