Of the 96 geologic provinces that contain practically all the world's known petroleum reserves, four lie in whole or part within Ukraine. According to the ranking of the U.S. Geological Survey World Petroleum Assessment 2000, the Dnieper-Donets Basin is 45th in importance, the Pannonian Basin 71st, the Azov-Kuban Basin 81st, and the North Carpathian Basin 82nd. Why, then, does Ukrainian oil and gas potential not shine more brightly on the petroleum industry's radar screen? The answer lies in a complex history and a no less complicated present. This article can hardly do the subject justice but will, I hope, raise...

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