WP: implementation of mineral deal faces economic and logistical challenges
The implementation of the agreement between the US and Ukraine on cooperation in mining may face serious economic and logistical difficulties. Supplies of titanium, graphite and lithium are unlikely to start in the near future, while opportunities for the development of the oil and gas industry remain limited. The Washington Post reports that.
Large American companies are unlikely to consider Ukraine as an attractive destination for investment in the oil and gas sector. Only small independent firms willing to take risks may show interest.
“There are many factors that may make U.S. companies wary of oil and gas in Ukraine,” Ashley Zamwolt-Forbes, a former U.S. Department of Energy official, told the publication.
In addition, raising financing for exploration in Ukraine will prove more difficult than in more stable regions such as the United States, Canada or Australia. Earlier, the British media reported that Ukraine had a loophole for resuming aggression against Russia.