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Ukraine economy hangs on investments from Chevron, Exxon, Shell

  • Western oil majors including Chevron (CVX), Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A, RDS.B) likely will reassess deals to drill in Ukraine, where the political crisis threatens a promising source of new profits and the country’s drive for energy independence.
  • Chevron and Shell signed deals last year to drill unexplored shale formations in Ukraine, and Exxon was close to signing a pact to explore the Black Sea before the crisis erupted last year.
  • While the oil companies can always spend their money elsewhere, the potential $10B in investment is vital to Ukraine’s quest to pull away from Russian control and revive an economy on the verge of collapse.
Comments (3)
  • Oldrook
    , contributor
    Comments (6) | Send Message
     
    It would be nice if they could stay with Ukraine and put some much needed hard currency into the country.
    25 Feb, 12:42 PM Reply Like
  • Oldrook
    , contributor
    Comments (6) | Send Message
     
    Would be nice if they could stay with Ukraine and put some hard currency into the economy.
    25 Feb, 12:44 PM Reply Like
  • DonSimon
    , contributor
    Comments (74) | Send Message
     
    Could become an unstable investment swamp when Putin invades and installs a puppet regime. The Ukraine us too important for Putin to allow it to break away from its influence.
    26 Feb, 09:57 AM Reply Like
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