Article from: OGEL 3 (2004), in Production Sharing Contracts
Ukraine has joined an increasing number of countries that offer a production-sharing regime to investors in the natural resources (most notably oil and gas) sector. On 12 October a new Law on Production Sharing Agreements took effect in Ukraine. The general reaction of the investment community to this development is quite positive. The common opinion is that the adoption of the modern and investor-friendly PSA Law will open channels for major investment in Ukraine's economy and will expand Ukraine's own natural resources base.