The agreement between Ukraine and the USA regarding mineral resources opens new opportunities for the development of the country’s oil and gas sector. According to former chairman of the board of Naftogaz of Ukraine, Andriy Kobolev, this sector has the greatest potential for attracting significant American investments.
This is reported by Finway
Oil and Gas Industry – The Most Promising Direction
Kobolev emphasized that the extraction of other minerals, particularly rare earth metals, requires a lengthy process to reduce investment risks, and currently only a few projects have passed the initial stages. At the same time, he believes the oil and gas sector is a unique exception.
“We have a few projects that have passed the initial stages, but it will take years. The oil and gas direction is an exception,” Kobolev noted.
Potential for a Renaissance in the Oil and Gas Sector
The former head of Naftogaz also noted that cooperation with the USA in the field of mineral extraction could become a key driver of economic growth. He believes that American companies possess the necessary technologies for effective oil and gas extraction, and the recent merger of three ministries – economy, ecology, and agricultural policy – creates additional preconditions for accelerating the development of this sector, particularly in shale gas extraction.
Kobolev stressed that with a change in regulatory policy and active engagement of American investors, Ukraine has a real chance for the revival of the oil and gas sector, which would contribute to the country’s economic stability and energy independence.