Sergii Chernov, Head of Kharkiv Regional Council, held the joint meeting of Standing Commissions, attended by Oleg Proskuriakov, Minister of Ecology and Natural Resources of Ukraine, Olena Oleshko and Liudmyla Davydova, Deputy Heads of the Regional Council, Valentyn Dulub, First Deputy Head of the Regional State Administration, and People's Deputies of Ukraine.

Representatives of the Deputy corps approved issues, submitted to the plenary session, among them - harmonization of the Agreement on sharing of hydrocarbons, to be extracted within Yuzivska area, between the state of Ukraine and "Shell Exploration and Production Ukraine Investments (IV) B.V." Company and "Nadra Yuzivska" Ltd.

Speaking on this issue, Minister of Environment and Natural Resources stressed that the Agreement is planned for 50 years in case of commercial discovery. That is, the stage of development and production of shale gas will begin only after the preparatory phase which is intended for 5-6 years, and drilling 15 wells. Part of the profit will be channeled to local budgets to deal with social and environmental issues.

According to Oleg Proskuriakov, the matter today concerns only the legal aspect of this issue, because financial, social and environmental requirements to the investors are outlined in this Agreement and the development will begin only after carrying out of all necessary assessments and endorsements.


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