Lavrov: joint projects with Japan to bring relations to new levelRussian Politics & Diplomacy December 03, 12:29
Russia delivers humanitarian aid to Aleppo daily unlike UK — Defense MinistryWorld December 03, 7:29
Foreign ministers of Russia, Japan will discuss Putin’s upcoming visit to TokyoRussian Politics & Diplomacy December 03, 3:37
President of Luxembourg Forum welcomes Russia’s attention to threat of nuclear terrorismWorld December 03, 3:11
Presidential polls to determine vector for Uzbekistan’s further development — CEC chairmanWorld December 03, 2:44
Lavrov, Kerry discuss settlement in Syria at conference in RomeWorld December 03, 1:36
Kiev halves water supplies to LPR from another pumping station — LPR negotiatorWorld December 03, 0:50
Civilian wounded by Ukrainian sniper near Gorlovka — agencyWorld December 03, 0:31
Reconciliation agreements signed with 6 Syrian settlements — Russian Defense MinistryWorld December 02, 23:50
KIEV, November 16 (Itar-Tass) - The Ukrainian government has severed an agreement between the state-run oil and gas company Chernomorneftegaz and Russia’s oil major LUKOIL on the joint exploration and development of oil and gas in the Black Sea.
The now cancelled arrangement concerned the Odesskoye, Bezymyannoye and Subbotinskoye deposits. Chernomorneftegaz had no less than 50 percent in the joint operations.
At the moment Chernomorneftegaz is pushing ahead with exploration and production of hydrocarbons at the Odesskoye and Bezymyannoe deposits. Ukraine hopes that Italy’s ENI and France’s Electricite de France will join it to produce hydrocarbons at Subbotinskoye.
Chernomorneftegaz is a division of the national joint stock company Naftogaz Ukrainy that explores and extracts oil and gas in the Black Sea and the Sea of Azov.
The company has seventeen deposits on its balance sheet (eleven gas deposits, four gas condensate deposits and two oil ones).