KYIV, Nov 8 – The Cabinet of Ministers has approved the terms of two production sharing agreements (PSAs) within Hrunivska and Okhtyrska hydrocarbon fields with EP Ukraine B.V. (the Netherlands, a subsidiary of Czech EPH Group).

According to resolutions No. 1405-r and No. 1406 of November 5, 2021, promulgated on the government portal, First Deputy Energy Minister Yuriy Vlasenko is authorized to sign the PSAs, the authorized body for the implementation of agreements is the State Service of Geology and Subsoil.