Welcome to the U.S.-Ukraine Business Council

Press office of President Victor Yushchenko
Kyiv, Ukraine, Friday, October 19, 2007

KYIV - Deputy Prime Minister Andriy Klyuyev and Vanco Energy Company
Chairman and President Gene Van Dyke have signed a production sharing
agreement to explore the Prykerchenska area of the Black Sea shelf.

President Victor Yushchenko welcomed the deal on Friday, saying it will
strengthen Ukraine's energy security and stimulate exploration efforts in
the Black Sea.

"This is a strategic project for Ukraine and this is a unique precedent for,
on the one hand, formulating a national energy strategy and, on the other
hand, for cooperating with the world's leading international investors," he

Ukraine confirms its important role in developing Europe's energy market
and declares its readiness for global energy cooperation, he added, thanking
all those who made the deal possible for inviting the reliable investors to

LINK: http://www.president.gov.ua/en/news/data/1_19986.html
NOTE: The photograph on the presidential website shows U.S.
Ambassador William Taylor standing next to President Yushchenko
at the signing ceremony.