Senior Ukrainian official Valeriy Chaliy announced on Monday that US energy giant Chevron considers to retreat from the shale gas project that had been agreed in November 2013.
Ukraine reached an agreement with Chevron shortly before the anti-government protests in Kiev toppled then President Viktor Yanukovich and ensued in the ongoing conflict in the east of the country.
Chaliy told journalists that Chevron had informed the government of its plans to withdraw from the USD 10 billion project, not disclosing any further details.
Ukrainian media pointed to the decision of the incumbent government to increase taxes for energy companies as the main cause …read more
Source: Novinite
