Polish-Ukranian firm strikes deal to extract natural gas

"The first extraction of gas by a new Polish-Ukraine company Dewon is expected in July," said Polish Oil and Gas (PGNiG) president Stefan Gieron. PGNiG will send equipment for exploration and extracting gas to Ukraine in a few days. The gas would be used in Ukraine first and any surplus would be sent to Poland. The outstanding matter of capital co-operation between Zaklady Azotowe Tarnow, which is a nitrogen plant, with chemical company Oriana in Ukraine, has been settled. The factory in Tarnow, which is under construction, will be using raw materials from Ukraine to produce PVC goods. Then production will start in Ukraine. (Rzeczpospolita, May 27-28, page B2) M.M.