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SITUATION REPORT

Feb 26, 2013 | 12:15 GMT

Ukraine: Government Reaches Understanding On Shale Gas Extraction

Ukrainian authorities have reached an understanding with regional councils in Lviv and Ivano-Frankivsk regarding a production-sharing agreement with Chevron on the development of shale gas in the Oleske field, Interfax-Ukraine reported Feb. 26. Ukraine wants to decrease its energy dependence on Russia.

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