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Ukraine: Reports of energy merger after five-year battle of hydrocarbon extraction

By  |  January 30, 2013

According to Serbian competition authorities, Ukraine’s largest private energy holding will buy Vanco Ukraine Limited. The Competition Commission of Serbia announced on its website that DTEK will buy Vanco Ukraine, and that an agreement between the two was signed last November. Vanco International was awarded in 2006 a tender to have an agreement to share products resulting from the extraction of hydrocarbons from the Black Sea. The PSA agreement was compromised with Ukraine’s government change in 2007, but a new government in 2011 approved of an agreement between the PSA’s new owners, Vanco Prykerchenska, to amend the agreement in hydrocarbons distribution.

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    Full Content: KyivPost

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