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Ukrainian President: Association Agreement with EU will facilitate investment attractiveness of national energy sector
06.11.2013 08:02 "Agro Perspectiva" (Kyiv) —
Ukraine expects the increase of investment attractiveness in the energy sector after the signature of the Association Agreement with the European Union (EU).
It was stated by the President at the plenary session of the Council of National and Foreign Investors on the topic «Investments in the Development of Economy and Social Sphere in Conditions of FTA with the EU», President Viktor Yanukovych Press Office reports.
«We expect that the investment attractiveness of our energy sector will increase after the signature of the Association Agreement with the EU,» Viktor Yanukovych said.
He noted that Ukraine worked to improve the conditions for the implementation of energy projects.
According to the Head of State, harmonization of Ukrainian legislation with the Third Energy Package of the EU will allow increasing the competitiveness, transparency and investment attractiveness of Ukrainian energy sector.
«Today, Ukraine successfully cooperates with the world companies in the hydrocarbon production,» the President emphasized adding that it not only facilitated the introduction of modern technologies and experience, but also strengthened energy security of our state.
According to Viktor Yanukovych, due to foreign investments, Ukraine increases the production of domestic energy resources and strengthens energy independence.
«Implementation of large-scale projects with „Shell“ and „Chevron“ (by the way, the agreement with „Chevron“ has been signed today) will have let Ukraine satisfy its gas needs completely and, under the optimistic scenario, export energy resources by 2020,» the Head of State said.
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