Ukraina's Naftogaz announces MoU with Romanian OMV Petrom

Energy Trade

State-owned UkrGasVydobuvannya, a subsidiary of Ukraine's Naftogaz dealing with natural gas production, announced that it signed a memorandum of understanding (MoU) on cooperation with Romanian group OMV Petrom, reported news portal Romania-insider.

According to the report, Naftogaz and OMV Petrom aim to implement joint gas exploration and production projects in in the Ukrainian Black Sea section. "According to the government's decision, Naftogaz has already submitted documents for obtaining 36 special permits for exploration of these areas," Otto Waterlander, CEO of Naftogaz Group, said.

The Ukrainian statement points to onshore perimeters as well. The Romanian Carpathians, where OMV Petrom has extensive experience, is a region that has a common geological history with Ukraine's Carpathian region, the company argues. 

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