State Service for Geology and Subsoil of Ukraine announced the start of large-scale hydrocarbon projects, modernization of legislation and digitalization of services of the Service

State Service for Geology and Subsoil of Ukraine identified the main priorities for work in 2020: restoring confidence in the Service, attracting investments in the industry and increasing the efficiency of subsoil use.

«To restore trust in State Service for Geology and Subsoil of Ukraine is priority number 1, because the image of the Service is an integral part of relations with market entities,» Roman Opimakh is convinced. – We have declared and adhere to the principle of zero tolerance for corruption. We are actively introducing convenient and transparent mechanisms in cooperation between business and government. »

Last year, the Service launched a Single Window for a subsoil user – the service helped to reduce the number of returns of documents to applicants by half and to establish an effective dialogue with market participants.

Attracting investment is the second priority. 2020 marked the start of major oil and gas exploration projects. Despite the price shock on the global hydrocarbon market, the Government has laid the foundations for the implementation of large-scale projects to rid Ukraine of its import dependence. In particular, 7 agreements on the sharing of hydrocarbon products were signed.

The service conducts an ongoing dialogue with business communities to meet industry demand for raw materials and create interesting proposals. The investment atlas of a subsoil user includes more than 300 promising areas. In 2020, 8 e-auctions were announced, for which 7 lots were put up. According to the results of the trades held, more than

58 special permits for the use of subsoil for more than UAH 826 million. The total amount of receipts to the state budget of Ukraine is UAH 1 billion. In 2021, it is planned to put up for auction more than 100 lots.

The third priority is the progressive and anticipated regulation of the industry, which is the key to effective mining. With the participation of State Service for Geology and Subsoil of Ukraine, a large package of reforms has been developed, including a project to support the development of domestic subsoil use industries and an updated National Program for the Development of Ukraine’s Mineral Resources Base for the Period until 2030.

On the territory of the Kherson region, there are investment proposals in the field of mining. In particular, these are quarries of limestone, red clay, and other minerals that can become raw materials for the construction of a plant for the production of cement and tiles. More details on investment proposals can be found on the investment portal of the Kherson region in the investment proposals section.