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                        THURSDAY, SEPTEMBER 19, 2019
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Trident Acquisitions may sue Ukraine if oil tender results annulled
Journal Staff Report

KYIV, Aug 5 American Trident Acquisitions Corp, winner in the tender for hydrocarbon exploration under a production-sharing agreement (PSA) within the Dolphin Block of the Black Sea's continental shelf, said would prepare a court claim in case if the tender results are annulled by the Cabinet of Ministers.

"I, the other way round, bear responsibility for money, which Trident can lose if the results of the bids are cancelled (it's clear that funds were raised for bidding) and I will have to appeal to court to uphold a justice. It's obvious that until the end of the courts foreign players won't come to the new bids and development of this meaningful for the state resource will shift to two-three years," wrote Trident CEO Ilya Ponomarev on Facebook.




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