UPDATE 1-Ukraine to sign $10 billion shale deal with Chevron | Reuters

UPDATE 1-Ukraine to sign $10 billion shale deal with Chevron | Reuters:

"Ukraine said on Wednesday it will sign a $10 billion shale gas production-sharing agreement with U.S. energy major Chevron next week - its second such deal this year.

Ecology Minister Oleh Proskuryakov said the deal for exploration and extraction at the Olesska site in western Ukraine, which follows one signed with Royal Dutch Shell earlier this year, would be signed next Tuesday at a regional economic forum in the capital Kiev.

Deputies in western Ukraine cleared the way for a deal when a majority voted in favour of the government's plans for exploration at Olesska, overcoming opposition from local lobby groups concerned at possible ecological damage from the project."

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