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Ukrnafta oil output in Jan to Nov down by 7pct YoY
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Sunday, 11 Dec 2011
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Interfax quoted the country's Energy and Coal Industry Ministry said JSC Ukrnafta one of the top oil producers in Ukraine, produced 1.910 million tonnes of oil in January to November down by 6.23%YoY.

Ukrnafta produced 175,400 tonnes of gas condensate (down 30.86%YoY) and 1.970 billion cubic meters (billion cubic meters) of gas (down 12.65%), including 1.522 billion cubic meters of natural gas (down 14.06%).

Ukrnafta produced 2.216 million tonnes of oil in 2010 (down 12.2% from 2009), 269,800 tonnes of gas condensate (down 10.6%) and 2.445 bcm of gas (down 17%).

National oil and gas company Naftogaz Ukrainy owns 50% plus one share of Ukrnafta and a group of companies associated with the shareholders of PrivatBank about 42%.

(Sourced from Interfax)

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