Geology and Mineral Resources Service to conduct auctions every month in 2019

Geology and Mineral Resources Service to conduct auctions every month in 2019

Ukrinform
The State Service of Geology and Mineral Resources of Ukraine said it intends to conduct auctions for the sale of permits for subsoil use every month in 2019, the press service of the department reports.

"During the presentation of the investment research ‘UA Ukraine: Natural Gas Production. Playbook 2018,’ Acting Head of the State Service of Geology and Mineral Resources of Ukraine, Oleh Kyryliuk, said that three auctions for the sale of special permits for subsoil use will be conducted by the end of the current year. He also said that the department plans to hold auctions every month in 2019,” reads the report.

Kyryliuk reminded that the next auction is scheduled for October 25.

As reported, the State Service of Geology and Mineral Resources stated that Ukraine has a chance to increase its gas production at least threefold in two-three years.

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