Ukraine's production decline: Ukraine sees decline in gas & crude oil production since start of year

17:10 Aug. 23, 2016

Ukraine sees decline in gas & crude oil production since start of year

Ukraine sees decline in gas, crude oil production since start of year (UNIAN photo)

Ukraine saw a 0.3% decrease in the production of natural gas in January-July 2016 year-on-year to 11.4 billion cubic meters, the State Statistics Service of Ukraine reported

The report does not include information from Russian-annexed Crimea and occupied areas in Donbas in eastern Ukraine.

Gas production in July 2016 alone rose by 2.6% compared with June 2016 to 1.6 billion cubic meters. Gas production in July 2016 year-on-year grew by 1.4%.

Natural gas production in Ukraine in 2015 fell by 3.1% compared with the previous year to 19.2 billion cubic meters. In 2014, Ukraine produced 19.7 billion cubic meters, while gas output in 2013 was 20.4 billion cubic meters.

Ukraine's crude oil production in the first seven months of 2016 also witnessed a decline, falling by 11.9% to 958,000 tonnes, the State Statistics Service said.

Crude oil production in July 2016 was 136,000 tonnes, up 4.2% from June 2016, but down 13.5% in comparison with July 2015.

In 2015, Ukraine produced 1.801 million tonnes of crude oil, down 11.8% from 2014. The country's largest crude oil producers are subsidiaries of NJSC Naftogaz of Ukraine – Ukrgazvydobuvannia and Ukrnafta. Naftogaz has a controlling stake in the latter.

Reporting by UNIAN

comments powered by Disqus

RELATED NEWS

Business11:44 Dec. 6, 2016
EU spells out its stance on wood export ban
Business19:08 Nov. 29, 2016
Three reasons to invest in Poland to reach the EU market
Business16:49 Nov. 25, 2016
EBRD willing to take stake in Ukraine's largest state bank
Business15:36 Nov. 24, 2016
Ukraine-IMF cooperation is at risk
Business12:01 Nov. 24, 2016
How Dutch business benefits from EU-Ukraine deal
Ukraine Today WEEKLY DIGEST
Subscribe to receive regular email updates about Ukraine and Eastern Europe
vk154998