Press-releases
29|08|2012

EastOne announces the strategic partnership between Geo Alliance and Arawak Energy

EastOne, an international investment advisory group, announces the strategic partnership between Geo Alliance, a company under EastOne’s mandate, and Arawak Energy Ukraine BV, a member of the Vitol Group of Companies – a major participant in world energy markets.

The partnership means joint holding, management and investment in the further development of oil and gas fields in Ukraine owned by Geo-Alliance Oil-Gas Public Limited and its subsidiaries.

Commenting on the deal, Chief Executive Officer of EastOne Kirill Rubinsky said:

"The strategic partnership with Arawak Energy and the Vitol Group is an important step in the development of oil and gas industry in Ukraine. The unique experience and knowledge of Arawak Energy and the Vitol Group will enable Geo-Alliance Oil-Gas Public Limited to apply world leading standards in Ukraine and to strengthen its market position.”

The terms and conditions of the partnership are subject to confidentiality provisions.

 
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