: :inin Kyiv (EET)

Ukraine should set royalties based on impartial methodology, not political agreements

Ukraine should develop a methodology for determining royalties for the use of oil and gas extraction mineral resources but not set them on the basis of political agreements, in particular by making them depend on the national budget deficit, the director of energy programs at the Razumkov Centre Volodymyr Omelchenko has said, reports Interfax news agency.
“In my opinion, only through methodological support will we be able to move away from political influence. While there is no serious model for determining royalties, it will be an element of speculation by politicians and royalties will be constantly reviewed,” he said.
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Source: Razumkov Centre

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