KIEV, March 22 ??“ The Ukrainian government plans soon to sign a production sharing agreement on the Kerch oil and gas field in the Black Sea with U.S. Vanco International Ltd, according to Fuel and Energy Minister Yuriy Boyko.

"The Fuel and Energy Ministry supports the project, as the ministry believes that gas extraction on the shelf with the participation of our partner Vanco will bolster an increase in gas production in Ukraine, and an increase in its energy security," Boyko told reporters.