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The largest projects in the oil & gas sector include the
following:
1) Refineries rehabilitation & upgrade.
Ukrtatnafta/Kremenchuk, TNK-BP/LINOS, Lukoil/Odesa
and Alliance Group/Kherson refineries are undergoing capacity
rehabilitation and upgrade projects on different stages. The major
Ukraine oil production company Ukrnafta is looking for partners
to reconstruct and upgrade Kachanivsk Gas Refinery. The major
gas production company Ukrgazdobycha plans to upgrade its three
gas processing plants.
2) Crude oil transit by pipeline.
UkrTransNafta, Ukraine`s oil transportation monopolist, is
looking for participants for the international consortium to operate
the Odessa-Brody pipeline and Yuzhny oil terminal, to build the
pipeline extension to Plock in Poland and to pump Caspian crude
to Central and Southern European markets.
3) Gas transit and distribution by pipeline.
The major Ukrainian gas transit company UkrTransGaz is
attracting foreign investors and equipment suppliers to rehabilitate
and modernize the Ukrainian gas transport system, including
building co-generation units on gas compressor stations and
increasing the efficiency of compressor stations. Russia, Germany
and Ukraine are negotiating a gas transit consortium to rehabilitate
and operate the main gas pipeline that passes through Ukraine and
delivers nearly 40% of Europe`s natural gas.
4) Coal bed methane development.
The major Ukrainian private industrial corporation,
Industrial Union of Donbas, is looking for large suppliers with
project financing capabilities for a coal bed methane development
project in the Donbas region.
Despite the low share in world reserves, Ukraine could
boost production by utilizing up-to-date technology. As the
implementation of oil & gas exploration and production needs
considerable investment in new technologies currently not
available in Ukraine, the sector opens great opportunities for
foreign investors and suppliers of equipment. While modern
drilling technology is needed for deep exploration, most of the

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