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Yuzgas may disclose beneficiaries after contract on Yuzivska field agreed with Ukraine's government

Yuzgas may disclose beneficiaries after contract on Yuzivska field agreed with Ukraine's governmentYuzgas B.V. (the Netherlands) and its parent company, Emerstone Energy investment fund (Luxembourg), will consider the disclosure of their ultimate beneficiaries after they agree on the main provisions of the agreement on Yuzivska deposit with the government of Ukraine, reads a letter to Ukraine's Energy and Coal Industry Minister Ihor Nasalyk, promulgated by MP Viktoria Voitsytska.

"After the approval of the main provisions of the draft treaty on assignment and draft changes and additions to the agreement [the PSA on Yuzivska deposit] with the authorized representatives of the government, Yuzgas and Emerstone Energy, which owns 100% in Yuzgas, will consider the disclosure of ultimate beneficiaries at the government's request," according to the letter.

Read also: Yuzgas to invest $ 200m for hydrocarbons search of Yuzivska field

As reported, the working group set up by the decision of the Cabinet of Ministers of Ukraine has started the verification of compliance with the law when holding a tender to attract investors in the development of Yuzivska area (Kharkiv and Donetsk regions). Voitsytska participates in the work of this group.
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