ExxonMobil Exploration and Production Ukraine bv closes its Kyiv office
This decision came month after Chevron decided to stop its work in Ukraine
As it came to light, the heads of ExxonMobil Exploration and Production Ukraine bv decided to close its office in Kyiv August 3, states the press office of the company. The decision does not touch the other ExxonMobil offices in Ukraine.
Ukraine in 2012 held a competition for the conclusion of a production sharing agreement (PSA) on the Scythian area on the Black Sea shelf. The winner was a consortium led by ExxonMobil Exploration and Production Ukraine BV (40%), Shell (35%), Austria's OMV in the face of the Romanian "daughter" Petrom (15%) and NAK "Nadra Ukrainy" (10%).
After the annexation of Crimea by Russia, US Ambassador to Ukraine Geoffrey R. Pyatt in June next year, said that the American ExxonMobil does not plan to develop the Crimean Black Sea shelf.
Earlier, the total investments in the Scythian area was estimated at $ 10-12 bln, the projected annual production of natural gas was up to 3-4 bln cubic meters, revenues amounted to $80-90 bln.
As previously reported, ExxonMobil froze almost all projects in Russia due to the US sanctions. ExxonMobil has had continuous downstream business involvement for 20 years in Ukraine.
- UKRAINE TOP 11:19Ukraine has to stop imitating reforms, - Tombinski
- UKRAINE TOP 10:56Defense Ministry‘s head of intelligence special forces dies in car blast in Kyiv
- POLITICS10:45Russia recalls its ambassador to US amid election investigation
- UKRAINE TOP 10:26Military man of Ukraine’s Armed Forces dies in a car bast in Kyiv
- UKRAINE TOP 09:59Ukrainian delegation reminds PACE of Crimea’s annexation
- UKRAINE TOP 09:53Automobile blew up in Kyiv
- POLITICS09:37Bill on sanctions didn't follow proper procedure, - Sean Spicer
- UKRAINE CRISIS 09:23NATO reports of growing Russian military presence
- POLITICS08:41Germany sees no good news on Donbas conflict in Ukraine
- UKRAINE CRISIS 08:05Donbas conflict: Militants shell Ukrainian positions 18 times
SOCIETY 10:30, 18 July Matriculation campaign 2015: new challenges for Ukraine