Shell Socially Active in Ukraine’s Kharkov Region

Shell and the Kharkov state regional administration have signed a memorandum of understanding on social investment in line with the production sharing agreement to produce hydrocarbons at Yuzovskaya block, Interfax-Ukraine has reported.

According to the agreement, Shell’s social investment will amount to USD 2mn in 2014.

“In 2014, the investor will allot USD 500,000 to social projects in each of the regions of Kharkov and Donetsk, and another USD 1mn will be allotted to projects in the districts and localities where the investor will conduct geological exploration works”, Shell’s press service in Kharkov Region has said.

Copyright: Terminal, 2013