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The draft of the Subsoil Codex of Ukraine was developed to bring Ukraine's legislation into the field of subsoil use with the requirements of framework legislative acts, as well as eliminate the double administrative burden on business and abolish mechanisms and tools that lead to the possibility of corruption factors.

Naftogaz Exploration and Production Division offers the implementation of "Success Stories" in the development of the Black Sea shelf, by combining the capabilities of the state, national and international investors, following the example of Kazakhstan's experience.

To this end, the Cabinet of Ministers amended Resolution No. 615, Clause 8, which stipulates that only Naftogaz of Ukraine or its subsidiary company (100%) may apply for a special permit without holding an auction.

The Minister of Environmental Protection and Natural Resources, Roman Abramovskyi, said that in the near future, a decision will be made to transfer the Black Sea shelf to the state-owned company Naftogaz of Ukraine without tender. He said this in an interview with "Focus".

The Ukrainian Geological Survey (Derzhgeonadra) and the Naftogaz Group, within the framework of cooperation aimed at expanding the mineral resource base of Ukraine and increasing hydrocarbon production, held a working meeting on ways to reduce risks for investors in the development of the Black Sea shelf, the press service of the agency reports.

As early as March, the Delfin offshore oil and gas field can be tendered in several lots in order to attract as many international companies as possible to gas production in Ukraine.

Ukrainian Geological Survey is ready to take responsibility and prepare the final text of the Codex and submit it to European partners for approval in order to speed up the process of completing the relevant draft law, work on which has been suspended, reports the agency's press service.

The company wants to increase gas production through ultra-deep drilling

I heard that the new tender, which will be announced by the Cabinet of Ministers, will provide that the plot on the Delfin shelf will no longer be sold in one lot, but will be sold in four lots. In such conditions, for the Trident company, Naftogaz of Ukraine will become a competitor, and the cooperation that was foreseen will no longer exist.

"When gas was sold at UAH 200 at an exchange rate of 8 UAH/USD, Ukrgazvydobuvannya increased production, new deposits were discovered that are not being opened now. Today, the company's income has increased 10 times, which is enough money to increase production. No investor is needed today. In Ukraine, an investor is a people who pay a high price for gas," Ilya Rybchych commented on the situation at the company.