KyivPost: Vitol CEO Taylor - Ukraine Could Be "Independently Successful Energy Producer"

Vitol Group is the last big international energy company with extraction projects in Ukraine after Royal Dutch Shell and Chevron cancelled their shale gas production-sharing agreements.

The Rotterdam-based company entered Ukraine in August 2012 through a joint venture with Geo-Alliance, co-owned by billionaire Victor Pinchuk’s EastOne. It produces natural gas that it sells mainly to local industrial consumers and currently drills “two to three wells in Poltava Oblast” and has 15 licenses covering approximately 1,000 square kilometers, according to Vitol CEO Ian Taylor.

Speaking to the Kyiv Post at the 12th annual Yalta European Strategy conference in Kyiv, Taylor said Ukraine has “significant gas yet to be discovered.”

Read the full article HERE.