16 March 2021 15:32 GMT
Updated
16 March 2021 15:32 GMT
in
Moscow
Naftohaz Ukrainy has teamed up with Naphtha Israel Petroleum as the Ukrainian state gas importer and distributor builds up partnerships with international investors to explore and possibly develop offshore acreage in the Black Sea.
As well as signing a memorandum of understanding, the pair are open to bringing in a minority partner.
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Recently appointed Naftohaz chief operating officer Otto Waterlander said that a potential new partnership "will strengthen our ambitions in this region”, with Naphtha Israel Petroleum already having offshore experience through its indirect involvement in the Tamar gas project in Israel's Mediterranean waters.