Weekly news digest March 24-30, 2014


The main development of this week was the adoption of Law on Prevention of Financial Collapse, which will change the rules of the market significantly. It will be more difficult for producers to operate; however, the tax burden will not be critical. Also, this issue of digest is dedicated to the state company Chernomorneftegaz that is controlled by the local authorities as a matter of fact; however, its future remains unclear: will it be the part of large Russian companies or will it go freewheeling?


Ukrainian companies
The Head of Nadra of Ukraine was fired
Andrey Kobolev was appointed as the Chairman of NJSC Naftogaz of Ukraine
Foreign companies
Serinus Energy closed 2013 with a loss of 57,5 million USD
JKX had $6.5 million net profit in 2013
Politics and world
At the cusp of new gas war
Lithuania can hold the shale gas exploration tender for yet in May
The Cabinet of Minister is proposing to double the fee for subsoil use
Verkhovna Rada refused to increase the fee for subsoil use for oil production