ExxonMobil is not only signing deals with Russia. The US super energy major, which is developing the Arctic with Russian state company Rosneft, will also develop an oil-and-gas field on Ukraine’s Black Sea shelf.

Kiev is eager to develop its oil-and-gas deposits to decrease its dependence on Russia for energy supplies.

On 15 August, Ukraine’s Environment and Natural-Resources Minister Eduard Savitskiy said Kiev has selected a consortium of ExxonMobil, Royal Dutch Shell, Ro...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now