Oil and gas deposit

COMM UNIAN ARCHIVE Oil and gas field in Gnedintsy. The dispute between Russia and the Ukraine over gas pricing had been postponed but not resolved yet. Ukraine had refused the last offer of Russia's state-controlled natural gas monopoly Gazprom of December 31 on the terms of natural gas deliveries and transit in 2006, according to which Ukraine have to pay $230 USD per 1,000 cubic meters of gas. Ukraine has also signed up an agreement with Turkmenistan about gas deliveries at the price of 60 USD per 1,000 cubic meters of gas. Russia’s natural gas deliveries has been reduced to 120 mln. cubic meters per day and night beginning from the New Year. People and community facilities are provided with natural gas extracted from Ukrainian gas fields now. However, Ukraine’s industrial plants will have problems. Photo by UNIAN