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Ukraine, Romania to jointly produce oil, gas on Black Sea shelf


KIEV, February 2 (RIA Novosti) - Ukraine and Romania intend to set up a joint venture to survey and produce oil and natural gas on the Black Sea's continental shelf, the presidents of the two countries said after talks Thursday.

Viktor Yushchenko and Traian Basescu discussed energy security and cooperation on oil and natural gas production on 12,000 sq km of the Black Sea shelf.

A Ukrainian-Romanian commission, which was set up after the talks between the president, might consider the issue.

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