Burisma Holdings today applauded the range of US legislative support for development of Ukraine’s broad and untapped resources and an increase in transparency and good governance. Burisma, as a leading independent oil and gas producer in Ukraine, welcomes the continued engagement of US lawmakers on these important matters.

Most recently, four United States Senators drafted a letter to President Obama encouraging Ukrainian engagement, with energy efficiency and the development of Ukraine’s domestic energy resources as a centerpiece of the dialogue. These senators join a bipartisan chorus of US leaders working to support energy sector reforms, promote Ukrainian self-sufficiency and mitigate corruption in the energy sector. In fact, at this moment there are no fewer than three pieces of legislation introduced in the US Congress in support of these essential measures. As a company with an experienced and talented management team with a mandate to develop and implement good corporate governance structures and enhance transparency, Burisma is hopeful that these efforts continue.

“As the United States seeks action to enhance Ukrainian energy independence, the country сs to an important call from the people of Ukraine and from companies like ours”, said Chairman of the Board of Directors Alan Apter. “We are eager to collaborate with these voices for independence, transparency and good governance. As engagement progresses, we are hopeful that Burisma can serve as a resource for US and other Western leaders to provide needed context and perspective on the Ukrainian market.”

Burisma’s success in the gas market contributes to energy security, national sovereignty and regional stability. Gas supplies from Burisma’s operations help power companies that employ thousands of Ukrainians.

Click HERE to read the letter to President Obama.

ENDS

Notes to Editors:
Burisma Holdings is a privately owned oil and gas company with assets in Ukraine, operating in local energy market since 2002. To date, the company holds a license portfolio in the Dnieper-Donets, the Carpathian and the Azov-Kuban basins. In the 1Q 2014, the daily gas production was 12.4 thousand boepd (barrels of oil equivalent per day – incl. gas, condensate and crude oil), including 1.9 mln m³ of natural gas. The Company sells all produced volumes in Ukraine.

For more information contact the press office at media@burisma.com