Ukrainian government approved drilling works near Serpents Island

The Ukraine government approved a drilling plan for the natural gas resources on the Black Sea continental shelf. While it is only a project, it involves the construction of some drilling units off the Black Sea coast not far from the Serpents Island, which is a subject of dispute with Romania, Segodnia daily informs.The natural gas deposit is only 50 km east from the Island and by the end of 2008 the plan is to extract some 1 billion cubic meters of natural gas. The cost of the project ...

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