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Government pegs cost of oil and gas developments at $824 million
Journal Staff Report

KIEV, July 8 – Top-priority investment projects on development of Ukrainian oil and gas extraction on shelf and continental territory will cost $842 million, the Fuel and Energy Ministry said on Wednesday.

The ministry said that an investment project on development of Odeske and Bezimenne gas fields on Black Sea shelf, which would be realized in 2010-2039, is estimated at $365 million. By now $68 million was used, and the need in investment is estimated at $138 million.




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