KIEV, Jan. 29 – The share of the state in the distribution of profitable hydrocarbon products extracted under a production sharing agreement [PSA] with Shell and Nadra Yuzovska on the Yuzovska field (Kharkiv and Donetsk regions) will amount to 31-60%, according to a draft agreement published by Ivan Varchenko, a Kharkiv City Council member from the Batkivschyna party.

According to the document, the share of the state will vary depending on the expenses on the extraction of hydrocarbons in future periods.

A bonus of $25 million will be sent to the state for the signing of the PSA with Shell and Nadra Yuzovska, another $50 million with the start of exploration, another $25 million when the first gas is obtained and $100 million when the peak production level is reached.