Russian lawmaker says sanction opponents in EU choke off terror support in SyriaRussian Politics & Diplomacy October 21, 16:10
Islamic State attack on Iraq's Kirkuk rebuffedWorld October 21, 15:48
Romano Prodi says Nord Stream 2 gas pipeline is not in Italy’s interestBusiness & Economy October 21, 15:38
Russian women's futsal team 'didn't have to wear hijabs, but chose to' — coachSport October 21, 15:35
Moscow says Belgian defense minister tries to distract attention from Hassadjek attackRussian Politics & Diplomacy October 21, 15:04
Russian suspected of alleged cyberattacks on US to remain in custody — Czech ministryWorld October 21, 14:55
Justice Ministry rejects Ukraine’s extradition bid for filmmaker convicted in terror plotRussian Politics & Diplomacy October 21, 14:52
Kremlin says EU sanctions policy against Russia destructiveRussian Politics & Diplomacy October 21, 14:48
NATO to use AWACS aircraft for Syrian airspace surveillance soonWorld October 21, 14:40
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).