OREANDA-NEWS. November 25, 2013. Ukraine invites Austrian companies to participate in the implementation of projects aimed at the increase of gas production.

It was stated by the President in the course of his meeting with journalists in Vienna.

"We invite Austrian companies to participate in the negotiations with the world leaders like "Chevron", "Shell" and "Exxon Mobil". We are expecting Austrian business to join us," the President said adding that the experience of Austria in the production of oil and gas would be extremely useful for Ukraine.

According to him, cooperation in petrochemical sphere is a promising area of bilateral interaction. "We have oil refineries that require modernization," Viktor Yanukovych said.

According to the President, Ukraine and Austria also have a significant potential of transport infrastructure development, particularly in the issue of boat traffic in Danube River, railway and road transportation. "We must develop our transport corridors. We would like Austria to contribute to the development of the given infrastructure," he noted.

"One must create motivations for business in order to successfully implement projects in all spheres of cooperation. Contacts at the highest level will also facilitate the creation of such motivations," Viktor Yanukovych emphasized.