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Ukraine sets criteria for companies to work Azov and Black Sea shelf

      RBC, 31.08.2006, Kiev 15:12:09.Minefields on the Ukrainian shelf in the waters of the Azov and Black Seas will be developed by state companies that supply gas to the public, Ukrainian Fuel and Energy Minister Yury Boyko stated. The authorities must aim to issuing licenses to companies that supply energy resources to the public, Boyko was quoted by the ministry's press office as saying.

      The minister stressed that field development would most likely be financed by credit resources. According to his forecast, some $500m-$800m will need to be raised within the next two years for this purpose.

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