KyivPost

Oil extraction in Ukraine down 6.6% in 7 months

Print version
Aug. 16, 2012, 10:49 a.m. | Business — by Interfax-Ukraine

Oil extraction in Ukraine in January-July 2012 fell by 6.6% or by 96,500 tonnes year-on-year, to 1.365 million tonnes, the Energy and Coal Industry Ministry has told Interfax-Ukraine.
© AFP

Oil extraction in Ukraine in January-July 2012 fell by 6.6% or by 96,500 tonnes year-on-year, to 1.365 million tonnes, the Energy and Coal Industry Ministry has told Interfax-Ukraine.

Production of gas condensate came to 547,000 tonnes for the period, which was 6% or 31,200 tonnes up year-on-year.

Companies run by National joint-stock company Naftogaz Ukrainy cut oil production by 5.1% or by 68,600 tonnes, to 1.268 million tonnes, and gas condensate production grew by 2% or by 9,400 tonnes, to 470,300 tonnes.

This included Ukrnafta, which produced 5.7% less oil, or 1.166 million tonnes, and 14.2% more condensate, or 119,500 tonnes; Ukrgazvydobuvannia, which produced 1.5% more oil, or 97,000 tonnes and 0.6% less gas condensate, or 313,400 tonnes; and Chornomornaftogaz, which produced 3% more oil, or 5,200 tonnes and 8.6% less gas condensate, or 37,400 tonnes.

Other oil and gas extraction companies working in Ukraine produced 22.4% les oil, or a total of 96,650 tonnes, and 39.8% more gas condensate, or a total of 76,840 tonnes.

The joint venture Poltava Petroleum Company reduced oil and gas condensate production by 42.7%, to 45,799 tonnes, production at Ukrkarpatoil Ltd. slipped 1.9%, to 32,061 tonnes, production at Naftogazvydobuvannia slumped 7.3%, to 18,845 tonnes, production at Natural Resources fell by 18.1%, to 10,552 tonnes, and production at Boryslav Oil Company was down by 4.7%, to 6,989 tonnes.

However, production doubled to 19,980 tonnes at joint venture Kashtan Petroleum Ltd., and rose 15.6%, to 19,092 tonnes, at Ukrnaftoburinnia. Production at Regal Petroleum skyrocketed by 25.7 times, to 7,766 tonnes, that for Cub-Gas LLC soared by 3.8 times, to 5,024 tonnes, production at VKF Dion LLC grew by 45.4%, to 1,480 tonnes, production at Plast company was up by 10.4%, to 1,207 tonnes, production at Krymtopenergoservice rose by 25.2%, to 1,204 tonnes and production at astern Geology Union LLC jumped by 2.1 times, to 1,189 tonnes.

Oil production in Ukraine slumped 6.3%, to 2.409 million tonnes in 2011, and gas condensate production fell 6.4%, to 916,600 tonnes.

comments powered by Disqus

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.