The signing of an agreement between Ukraine and the USA regarding cooperation in the field of minerals opens up prospects for significant growth in Ukraine’s oil and gas sector. This area, according to experts, is the most attractive for attracting substantial American investments.
This is reported by Business • Media
The Role of American Investments in the Development of the Oil and Gas Industry
Former head of the “Naftogaz of Ukraine” group Andriy Kobolyev emphasized that the extraction of natural gas and oil in Ukraine has the greatest potential for attracting capital from the USA. At the same time, the implementation of projects for the development of other minerals, especially rare earth metals, will require lengthy processes to reduce investment risks. According to the expert, existing projects involving rare earth metals have already passed preliminary stages, but full-scale launch will still require years of preparation.
“We have several projects that have passed the initial stages, but it will still take years. The oil and gas sector is an exception,” Kobolyev noted.
Prospects for Accelerating Extraction
The agreement with the USA is seen as a key factor that could activate cooperation between the two countries in the field of energy resource extraction. Andriy Kobolyev emphasizes that the USA possesses modern technologies for the effective development of deposits, and Ukraine, by uniting three ministries under the Ministry of Economy, will be able to accelerate extraction processes, particularly of shale gas. The expert believes that changes in regulatory policy and the involvement of American investors could contribute to a true renaissance of the oil and gas sector in Ukraine.