Ukraine Says Chevron May Exit Agreement to Extract Shale Gas - Bloomberg:
"Chevron Corp. may pull out of a shale-gas project in western Ukraine, further frustrating the country’s efforts to cut its dependence on Russia.
“There is information that they plan to exit” the Oleska production-sharing agreement, leaving Ukraine without any shale-gas projects, Valeriy Chaly, deputy chief of President Petro Poroshenko’s administration, told reporters today in Kiev.
The second-largest U.S. energy producer terminated the agreement because Ukraine failed to simplify taxation rules by a Nov. 18 deadline, the Kiev Post reported, citing Chevron country manager, Peter Clark. Chevron’s press service declined to comment further."
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