Incidents, Economics

 Yatseniuk initiates investigation into granting licenses to offshore companies for development of seven Black Sea shelf oil and gas reserves

Prime Minister of Ukraine Arsenii Yatseniuk instructed Vice Prime Minister Valerii Voshchevskyi to figure out how two offshore companies from Cyprus have almost received seven licenses for development of strategic oil and gas deposits on the Black Sea shelf adjacent to Odesa region.

The prime minister said at the Cabinet meeting, Censor.NET reports citing Ukrainska Pravda.

Yatseniuk said he had got information that two offshore companies together with Nadra Ukrainy NJSC tried to acquire seven licenses for development of the Northwest oil and gas bearing Black Sea shelf under dubious circumstances. The prime minister noted that the government prevented issuing these licenses at the final stage.

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"These licenses were tried to be obtained through a well thought-out scheme. We have gaps in the law allowing bypassing auctions in obtaining these licenses and issuing the ones to companies which have the state share. For example, a 25 percent share, as it was in this scheme," the prime minister said.

He instructed Voshchevskyi to carry out corresponding investigations into State Geological and Mineral Resources Survey (Derzhheonadra) of Ukraine and the Ministry of Environment.

"I am asking you and NAUCS (National Agency of Ukraine on Civil Service - Ed.) to initiate official investigation into Derzhheonadra about arrangement of these licenses: whether they have been issued and who was submitting the relevant documents. And also initiate official investigation into the Ecology Ministry to find out who exactly of its former or current officials has made the decision to create a joint venture and issue seven licenses," Yatseniuk said.

Read more: Cabinet approves "extended" list of sanctions against Russian Federation, - PM YatseniukИсточник: https://en.censor.net.ua/n347476