Ukraine cuts crude oil output by 4.2% in 2017

Output of crude oil in Ukraine fell by 4.2% in 2017 against 2016, to 2.098 million tonnes.

Read alsoUkraine owns huge gas resources, 5.5 tcm – expertThe oil producers whose shareholder is national oil and gas holding Naftogaz of Ukraine reduced the output of crude oil and gas condensate by 7.7% over the period under review, to 1.847 million tonnes, the Ukrainian Energy and Coal Industry Ministry's press service said.

As UNIAN reported earlier, crude oil production in Ukraine in 2016 shrank by 7.5% against 2015, to 2.2 million tonnes.

Ukrgazvydobuvannia and Ukrnafta, subsidiaries of NJSC Naftogaz of Ukraine, are Ukraine's largest oil and gas producers. Naftogaz owns a controlling stake in Ukrnafta.