Ukraine reduces oil production by 5.4% in five months

REUTERS

Oil production in May compared with April 2017 decreased by 1.2% to 135,000 tonnes. Compared to May 2016, oil production fell by 2.9%.

Read alsoReuters: Oil prices climb off 10-month lows as U.S. stockpiles dropAs UNIAN reported earlier, oil production in Ukraine in 2016 decreased by 10.9% to 1.612 million tonnes y-o-y.

The largest oil and gas companies in Ukraine are the subsidiaries of NJSC Naftogaz of Ukraine – Ukrgazvydobuvannia and Ukrnafta, in which Naftogaz owns a controlling stake.