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(RIA Novosti) -- The Russian gas giant
Gazprom and Ukrainian national oil and gas company Naftogaz have started setting
up a joint venture to develop the Black Sea shelf, Naftogaz Board Chairman
Yevhen Bakulin said on Tuesday. "Yes, (we have started)," Bakulin told
reporters, adding that the companies were still estimating the likely amount of
investment in the project and its costs. He also said that there were some legal
contradictions in the joint venture's establishment but they would not be an
obstacle.
Gazprom CEO Alexei Miller and Ukraine's Energy Minister Yuriy Boiko
signed an agreement in December 2010, to establish two joint ventures to produce
coal from Ukrainian deposits and develop the Black Sea shelf.
mrcplast.com
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