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Ukraine Strips US Firm of Black Sea Exploration Rights

Sep 12, 2019

Ukraine's new government on Thursday stripped U.S.-based Trident Acquisitions of the right to explore and develop oil and gas reserves in the Black Sea shelf, prompting the company to say Ukraine had lost out on $1 billion in new investment.A subsidiary of Trident, whose chief executive is a former Russian opposition lawmaker who was awarded Ukrainian citizenship this year, had won a tender in July to develop the offshore Dolphin Block…

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