Naftogaz Group and US Department of State agree on partnership in oil and gas sector

Naftogaz of Ukraine and the US Department of State have signed a memorandum that creates new opportunities for Ukraine to attract US investment in its oil and gas sector.

The memorandum is based on a shared vision of Ukraine’s energy security as an integral part of its national security. The United States supports Ukraine’s goal of increasing domestic energy production, improving the efficiency of the sector, introducing advanced technologies, and developing partnerships with US companies.

The United States is a global leader in the oil and gas industry. US companies have unique technologies, expertise and, most importantly, the capacity to invest. We value our partnership with US businesses and are interested in joint projects that will take our relations to a new level. We are grateful to the US Department of State for its understanding and support in developing business relations. The next step is to bring potential investors to the table and translate our cooperation into concrete investmentments. ” said Sergii Fedorenko, Acting Chief Executive Officer of Naftogaz.

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