Wednesday 12 June 2013

Yanukovych says current oil and gas reserves will help Ukraine shed its energy dependence

"Ukrainian President Viktor Yanukovych has said that oil and gas reserves in Ukraine and an increase in their production are the foundation for Ukraine to shed its energy dependence.

"They are subject to commercial exploitation and, most importantly, they create the conditions for Ukraine's gradual withdrawal from [energy] dependence, and [promote] the diversification of supply sources," the presidential press service quoted him as saying at the beginning of a meeting with President of Chevron Eurasia Europe & Middle East Exploration & Production Company for Chevron Corp James Johnson on Wednesday.

Yanukovych said that in recent years Ukraine had made significant efforts to develop the oil and gas industry, increase domestic oil and gas production and develop cooperation with leading international companies."

'via Blog this'

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