KYIV, Dec 18 - Ukraine expects to attract more than UAH 50 billion in hydrocarbon production within 12 production sharing agreements (PSA), Minister of Energy and Coal Industry Ihor Nasalyk has said.

"The signing of 12 PSAs for these sites will allow raising at least UAH 10 billion in geological exploration and at least UAH 50 billion in production. The increase in hydrocarbon reserves should be 110-120 million tons of fuel equivalent, and production in two or three years should be at least 5-6 million tons of fuel equivalent," he said at a meeting of the Cabinet of Ministers.