Putin orders to draft over 140,000 men into army this springMilitary & Defense March 30, 10:51
Russia cuts oil output by 200,000 barrels a dayBusiness & Economy March 30, 8:09
Russian historical epic Viking to be released in Italy, UKSociety & Culture March 30, 2:11
Putin visits ice cave during Arctic tourSociety & Culture March 30, 0:02
Moscow slams West’s reaction to Russian protests as part of long-planned campaignRussian Politics & Diplomacy March 29, 23:56
Putin orders Defense Ministry and FSB to ensure protection of Russia’s interests in ArcticMilitary & Defense March 29, 21:46
Kiev aware of few chances to win in debt lawsuit case — envoyBusiness & Economy March 29, 20:52
Russian top diplomat dismisses claims about human rights violations in Crimea as liesRussian Politics & Diplomacy March 29, 20:23
Moscow suspects Jabhat al-Nusra could be used to topple AssadRussian Politics & Diplomacy March 29, 19:58
MOSCOW, December 15. /TASS/. The US Chevron has notified the Ukrainian government about the intention to quit the project to produce hydrocarbons in Ukraine’s Olesska field, press service of the American company told TASS on Monday.
The press service did not specify reasons for the decision.
In November, Ukraine’s government informed Chevron it had fulfilled all conditions necessary for the US company to begin exploration and production of shale gas in Ukraine’s west.
“We have sent a letter to Chevron, and now we are expecting a reply within 30 days. We are interested in signing the operation agreement as soon as possible,” Yaroslav Klimovich, head of Nadra Ukrainy, said then. Under the production sharing agreement, Chevron within five years was to complete geology exploration and drilling.
In November 2013, Ukraine’s government, Nadra Olesskaya and Chevron signed a production sharing agreement on production of hydrocarbons in the Olesska field (in Ukraine’s west). Chevron was expected to invest about $350 million in exploration of shale gas.