Financial Times FT.com

Ukraine energy scheme backers revealed

By Roman Olearchyk in Kiev

Published: May 15 2008 23:36 | Last updated: May 15 2008 23:36

A company owned by Ukraine’s richest man, Rinat Akhmetov, revealed on Thursday it was one of three financial backers for a strategically important hydrocarbon project whose fate was cast into doubt this week by Kiev’s prime minister.

DTEK, Mr Akhmetov’s energy holding, revealed at a press conference in Kiev that it held a quarter interest as financial backer in a Black Sea exploration project led by Houston-based Vanco Energy Company.

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