News - Page 8

The Parliament of Ukraine (Verkhovna Rada) sent on second reading a bill on the reduction in the rate of rental fee for use of mineral resources in mining from 70% to 14-29%. The relevant draft law №2835 "On Amendments to the Tax Code of Ukraine on cheapening the cost of gas for the population" in the second reading was supported by 205 MPs at the minimum required 226.

November 9, 2015, acting Chairman of the State Service of Geology and Mineral Resources of Ukraine Mykola Boyarkin met with the employees of the State Geophysical Enterprise "Ukrgeofizika 'and trade union representatives. Participants of the meeting discussed the current issues of the ASE "Ukrgeofizika." In particular, questions were raised finance exploration work, maintenance of the state property on the balance sheet, and the need to modernize outdated equipment.

The amount of gas in underground gas storage will be enough for the normal passage of the heating season in Ukraine. This was announced today at the briefing by the head of board NAK "Naftogaz Ukraine" Andrey Kobolev, reports RBC-Ukraine. "We will buy gas in the volume that will be needed. We now have in underground storage 1 billion cubic meters of gas more than there were last year at the same date. Accordingly, this season we are entering a radically higher stock than it was last year, "- said Kobolev.

Powerful commercial gas inflow was received on the area of ​​"Bugle-1" in the Karakum Desert in the territory of the Mary velayat (region) of Turkmenistan, the newspaper "Neutral Turkmenistan". "It happened after the first exploration well here dostiglazde depth of 4,690 thousand meters and 230 meters above were lowered operational pillars" - the article says.

In anticipation of the new heating season in Ukraine again actualized talk about the purchase of natural gas for injection into storage and the need to increase its own production. As for money, in fact, to download the Ukraine is not. Speaking about the prospects of production, the Ukrainian authorities could not ignore the fact that over the past six months, production volumes have decreased, the rate of new wells are close to zero, and one after the other investors are reviewing plans for projects for the production of hydrocarbons.

Turkish businessman Burak Özdoğan (Burak Ozdogan) 8.96% focused oil and gas company JKX Oil & Gas Plc with assets in Ukraine, JKX reported on the London Stock Exchange. B.Ozdogan owns shares in the company through Dumarchal Nominee Ltd and Neptune Invest & Finance Corp.

In the near future State Geological and Mineral Resources Survey of Ukraine (Derzhgeonadra) will conduct the second auction in 2015 of special permits for subsurface use. There will be listed oil and gas fields (oil, natural gas and condensate).  The auction will be held in an open bidding format similar to this year’s first auction.

British regulator announced the granting of licenses to British companies for shale gas production in the 27 new sites in England. "Ads for the possibility of granting permits for drilling entitles companies hope that by the end of the year they will be able to obtain official licenses," said executive director Andy Samuel regulator. Additional 132 area is now under consideration.

In late August, the judicial history of relations between the state company "Nadra Ukraine" and the infamous firm "Golden Derrick" will be continued. NAC hopes that the decision will be made in favor of the state, that is, Ukraine is one step closer to his goal - energy independence. August 31 the judicial history of the relations NAK "Nadra of Ukraine" and the company "Golden Derrick," which the media associated with the former government ministers Mykola Azarov, or will be continued or will begin the countdown to the logical conclusion.