Ukraine's woes

Foreign oil firms interested in the Ukraine complain of a gamut of legal, political, and commercial problems. The basic conflict is between the Ukrainian approach of handling each deal on a case-by-case basis and the desire of western companies for transparency and consistency. Ukraine wants to increase its energy output, particularly gas and condensate, to meet at least half of domestic demand by 2010 (OGJ, Dec. 29, 1997, p. 26).

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