KIEV, Nov. 20 – Canada's Kulczyk Oil Ventures has entered into an agreement on the purchase of a 70% indirect equity interest in KUB-Gas Ltd. (Luhansk) from U.S. Gastek LLC, a private Californian company that wholly owns KUB-Gas.

A press release by Kulczyk Oil reads that the company bought the interest through its wholly-owned subsidiaries - Kulczyk Oil Ventures Limited (KOVL) and Loon Ukraine Holdings Limited - whereby KOVL will acquire the 70% indirect equity interest in KUB-Gas through Loon Ukraine.