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Ukranian businessman starts gas business in Mongolia www.open4business.com.ua
Co-owner of the shopping and leisure center Sky Mall, businessman Andriy Adamovsky has started gas production business in Mongolia and is considering opportunities for entering Ukraine’s hydrocarbons market.
In an interview with Ekonomichna Pravda (Economic Truth), Adamovsky said that he decided to start this business in Mongolia due to the availability of the large market in the country and a simpler than in Ukraine procedure of entering it.
He added that he was studying the Ukrainian hydrocarbons market with due diligence.
“We are considering prospects of participation. Not all deposits are good. There are way too many risks in the production sphere, especially if we take greenfield projects,” he said.
When speaking about activities of Trade Commodity LLC, in which he was an investor, Adamovsky refused to name the initiators of the business.
Trade Commodity LLC was registered in 1999. Its core business is petroleum production.
The company is involved in the case on embezzlement of public funds during procurement of fuel for the Defense Ministry of Ukraine.
Published Date:2019-07-02
