Chevron totally shuts down its activity in the Ukraine

Chevron as fully shut down its activity in the Ukraine. The respective decision was made by the Board of Directors of Chevron Ukraine B.V. on July 2nd 2015.

The PSA with Chevron was signed by the Government of the Ukraine on November 2013. The company planned to invest $10 bln into the extraction of hydrocarbons in the western regions of the country. It develops the Olessky site where it plans to extract shale gas. The agreement was signed with Nadra Olesskaya, 90% of which belongs to Nadra Ukrainy.

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