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 Yanukovych Made “Epic” Deal on Shale Gas in Ukraine. PHOTO

Today, January 24, in Davos with the participation of President Viktor Yanukovych an agreement was signed between Shell and Nadra Yuzovska regarding the share of production of shale gas in Yuzovsky district in Kharkiv and Donetsk oblast.

It is reported by Interfax-Ukraine.

The Ukrainian head of state said that the signing of this agreement will benefit Ukraine as an investment, by which Ukraine will increase the domestic production of gas, and as a consequence - to raise the level of the economy. The President believes that this will increase the revenue side of the budget and send it to social needs. The government of Mykola Azarov at a meeting on January 23 approved a draft agreement with Shell and LLC Nadra Yuzovsky of (PSA) produced by Yuzovsky district (7.886 sq km, is located in Kharkiv and Donetsk region).

 
 
 
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