The Cabinet of Ministers has issued an order allowing NJSC Naftogaz of Ukraine to buy 100% shares of Nadra Yuzovska company. This will make it possible to start production at the Yuzovske oil and gas field, the press service of the government reports.
According to the governmental decision, the amount of the transaction will be determined by its participants. However, before the transaction to be formalized, the Antimonopoly Committee of Ukraine must give permission for the concentration.
The Yuzovska area is one of the largest oil and gas areas in Ukraine, but work on it has not been carried out for several years.
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