Avakov's company may seize gas field development without an auction.

by Editor • 06.10.2015 • 0 Comments

Arsen Avakov

Arsen Avakov

Angro Invest LLC, which falls under the purview of Interior Minister Arsen Avakov, may bypass the auction process to obtain permits for eight oil and gas fields in the Poltava region, according to Insider, citing the press service of the State Geological Service.

As the publication notes, the hydrocarbon deposits in question were developed by Golden Derrick LLC, a company owned by former Minister Eduard Stavytsky. These deposits are located in the Dnieper-Donets Basin.

Angro Invest plans to obtain permits to develop these fields without holding an auction, due to the fact that it is the lessee of the property of the inactive wells from the state-owned NAK Nadra Ukrainy.

Acting Head of the State Geological Service, Mykola Boyarkin, noted that the actions of Angro Invest LLC are very reminiscent of the land-use acquisition schemes used during the Yanukovych era. According to the acting head of the State Geological Service, Avakov's company, Angro Invest, has already cleared this matter with the Ministry of Ecology. Permission still needs to be obtained from the regional council and the State Mining and Industrial Supervision Authority. If this happens, his agency will have no legal means to stop the issuance of special well development permits without auctions.

As a reminder, the Supreme Administrative Court of Ukraine revoked 19 special permits for oil and gas production from Golden Derrick LLC. Golden Derrick is under the control of Eduard Stavytsky, the fugitive Minister of Energy of Ukraine during the Yanukovych era.

Vitaly Tkachev is currently the owner of Angro Invest LLC. The company's previous founder was Alexander Pavlyuchenko, an aide to MP Ihor Kotvitsky, a member of the People's Front party and a business partner of Arsen Avakov.

We previously reported that Igor Kotvitsky withdrew 40 million US dollars from Ukraine during the Revolution of Dignity..

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