Ukraine cuts oil output by 6.3% in H1

Ukraine's oil production fell by 6.3% in January-June 2017 (H1) year-over-year (y-o-y), to 751,500 tonnes, according to the Ukrainian Energy and Coal Industry Ministry's press service.

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The country's oil output in June 2017 alone decreased by 5.1% y-o-y, to 123,100 tonnes.

Read alsoUkrnafta submits new bailout plan to State Fiscal Service for approvalAs UNIAN reported earlier, oil production in Ukraine in 2016 shrank by 10.9% y-o-y, to 1.612 million tonnes.

Ukrgazvydobuvannya and Ukrnafta, the subsidiaries of NJSC Naftogaz of Ukraine, are Ukraine's largest oil and gas producer. Naftogaz owns a controlling stake of Ukrnafta. 

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