A round table on ‘Regulation of access to oil and gas fields’ is being organised by the Better Regulation Delivery Office (BRDO) in Ivano-Frankivsk on 13 September, at which the BRDO will present its Green Paper on the issue.
The BRDO is funded by the European Union within the framework of the FORBIZ project and the EU4Business Initiative, with the aim of simplifying the process of doing business and providing effective state regulation in key sectors of the economy.
Ukraine’s oil and gas reserves should be sufficient to meet national demand for several decades. Yet 81% of oil and 44% of gas needs are met by imports, and the market for strategically important energy resources is monopolised by several companies. In 2017, not a single auction was held for the sale of special permits for use of oil and gas fields, and access to geological information is artificially blocked.
According to the BRDO, the current system of state regulation of access to hydrocarbon reserves is fragmented and insufficiently flexible to respond to business needs. Procedures are often absurdly complex and in general, the state regulates and controls almost all the economic operations of oil and gas companies. At the same time, such state intervention often distorts the market model and creates barriers to business development, and in most cases, it is not harmonised with EU regulatory practices, creating barriers for the integration of fuel and energy markets and investment in the industry.
The topics to be discussed at the round table (full programme) include:
- The creation of equal and transparent conditions for access to oil and gas fields and implementation of e-auctions to sell specialpermits for use of these fields.
- Interaction between companies exploiting oil and gas fields and local authorities.
- Level playing field for information and disclosure of geological information
- Optimal tax conditions for oil and gas companies.
Prior registration is required to take part.
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