Government to challenge court ruling on Yuzgaz, Yuzivska field

14:31, 31.03.2017 1 min read

Ukraine's Cabinet of Ministry has filed a counterclaim against a ruling of Kyiv's district administrative court declaring invalid the decision of Ukraine's Cabinet of Ministers not to allow Yuzgaz B.V. (the Netherlands) to participate in the product sharing agreement (PSA) on the Yuzivska field (Kharkiv and Donetsk regions).

The information has been posted on the Judicial Power of Ukraine portal.

The counterclaim was filed on March 30.

As reported, Kyiv's district administrative court on March 20 obliged the government to resume the consideration of the Yuzgaz's application for the Yuzivska field.

On November 2, 2016, the government decided not to permit Yuzgaz B. V. to participate in the PSA for the Yuzivska field.

Yuzgaz founder is Emerstone Energy investment fund, part of Emerstone Capital Partners of businessman Jaroslav Kinach.