Date: 5 months ago   Category: Economy

Production sharing agreements will result Ukraine in non-volatility, - the United States Secretary of Energy Rick Perry

The power has to pursue policy of transparency and the free markets.

Ukraine has the potential for fast development of the energy sector and achievement of non-volatility from Russia, but the power has to pursue policy of transparency and the free markets to accelerate the economic growth of the country.

One of the most effective tools for attraction of foreign investments are Production sharing agreements between the state and investors, the UNIAN tells.

it was declared by the United States Secretary of Energy Rick Perry during the visit to Kiev on November 12, 2018. Discussed importance of implementation of steps by Ukraine on such questions as the Production sharing agreement, sharing of data, predictability of regulatory actions and legal transparency which are necessary measures for further investments of the USA at meetings with the president, the prime minister and other high-ranking officials Perry.

"You have to have open and transparent tenders. Implementation of production sharing agreements. I cannot tell you, it is how important for the future of this country. Therefore, these companies know that when they come here, they enter the transaction which is not foggy. They enter transactions which undoubtedly and accurately say: it is what we will do, is what you are going to do here benefit. These Production sharing agreements are so important for future development of resources of this country. They will encourage the private sector to come here, to invest, introduce advanced technologies and a know-how to help Ukraine to develop own resources", - the United States Secretary of Energy Rick Perry said during the speech in Diplomatic academy of Ukraine.

according to Rick Perry, the Production sharing agreement are one of the most effective tools for attracting investors as they provide to investors the greatest guarantees from the state.

"This historical time for Ukraine, the country which has huge potential in the sphere of power. The government of the United States and the private sector of the USA are ready to be partners and to cooperate with Ukraine for increase in its energy security. I see incredibly bright future in this country with partners who are ready to come and stand side by side with you. These types of approaches induce the USA to share our energy, our power know-how, so that together we could prosper. Now time to work according to policy which will allow you to come out of the shadow of Moscow came", - the United States Secretary of Energy in Kiev said.

the Reference
the Production sharing agreement (Production Sharing Agreement) is when Ukraine charges to other party investor for a certain term carrying out search, exploration and production of minerals on a certain site (sites) of a subsoil and conducting the works connected with the agreement, and the investor undertakes to perform the charged works at own expense and on the risk with the subsequent compensation for expenses and receiving a payment (remuneration) in the form of a part at



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