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Ukraine may speed up Black Sea offshore gas field development
Journal Staff Report

KIEV, July 12 – Ukraine’s government may speed up its decision allowing Vanco Energy to go ahead with investments in development of a Black Sea oil and gas field near Kerch, Environment Minister Pavlo Ihnatenko said.

The government hopes the development of the field would lead to an investment of up to $2 billion and would increase domestic production of natural gas thus reducing dependence on Russia.




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