Non-Transparent Parties Could Be Excluded From PSAs

Ministry of Energy and Coal Industry of Ukraine published orderdated 11.03.2014 № 237 “On Urgent Measures For Financial Stabilization of the Industry and Avoidance of Corruption”.

Among others provisions of the order, there is an instruction for responsible departments of the Ministry to work in cooperation with international partners on the conditions of project sharing agreements in order to exclude non-transparent parties from Ukrainian side. This task should have been performed till 14 of March.