Weekly News Digest May 12-18 of 2014


Last week a little-known Cypriot offshore company Burisma Holdings, which owns several Ukrainian producing assets, made a splash in the media all over the world. It came so far that even the White House issued a special statement, as the son of U.S. Vice President turned in the Board of Directors of Burisma Holdings. Later it turned out that the former President of Poland Aleksander Kwasniewski also works in the company. In Ukraine everybody remains puzzled how such a solid public was involved in the business of one of Yanukovych’s supporters Nicholay Zlochevskiy.



Ukrainian companies
Ukrgazdobycha has won 930 million of debt from Naftogaz by court action
For 4 years Naftogaz produced 3.5 million barrels of oil in Egypt
Foreign companies
Son of U.S. Vice President joined the Board of Directors of the Ukrainian private gas producer
Cub Energy completed testing of the well № 21
Gas reserves in UGS of Ukraine increased up to 9.3 billion cubic meters
Politics and World
How long Ukraine can survive without Russian gas
World oil production in April increased up to 90.8 million barrels per day
The Ministry of Justice should formulate state position concerning the Black Sea shelf deposits - Boyko