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GISMETEO.RU
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Black Sea shale gas royalty payments set at UAH2.4 billion each
Journal Staff Report

KIEV, May 29 – The minimum size of a special royalty payment to the national budget to be made by an investor within 10 days after signing a production sharing agreement (PSA) on hydrocarbons that will be produced at the Skifske and Foroske sections of the Black Sea deep-sea shelf is set at UAH 2.4 billion for each of them.

In keeping with cabinet resolutions Nos. 454 and 455 dated May 23, 2012, which were published on Tuesday, the minimum sum of investments at the first stage of geological prospecting should be at least UAH 1.6 billion for each section.




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