Sunday, 2 July, 2017, 9:03 Economy
Two American companies propose to drill for oil in Ukraine

Frontera Resources and Longfellow proposed to Ukraine’s ministry for energy and fuel to survey and extract oil in Ukraine, the ministry report says.

The projects are to be realized in Odesa and Poltava oblasts.

The Ukraine-based Navigator-complekt company submitted its proposal to extract oil in oblasts Lviv, Kharkiv and Dnipropetrovsk.

The ministry recommended the three companies to hold consultations with the respective oblast councils on the implementation of the projects.

In 2016, the Netherlands’ Yuzgaz company won a tender to extract shale gas in Eastern Ukraine.

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2017-12-18 01:04:12