Ukraine sees 12.2% fall in oil output in Jan-May, 5.8% fall in gas condensate output

Oil production in Ukraine's continental part decreased by 12.2% or 93,600 tonnes in January through May 2016 year-on-year, to 673,400 tonnes, a source in the country's Energy and Coal Industry Ministry has told Interfax-Ukraine.

Production of gas condensate was down by 5.8% or 16,300 tonnes, to 265,000 tonnes.

The enterprises of national joint-stock company Naftogaz Ukrainy cut oil production by 10% or 72,400 tonnes, to 653,100 tonnes and gas condensate output by 7.8% or 16,400 tonnes, to 195,100 tonnes, of which Ukrnafta – 608,800 tonnes of oil, 9.9% down, and 30,500 tonnes of gas condensate, 33.6% down; Ukrgazvydobuvannia - 44,300 tonnes of oil, 10.9% down, and 164,600 tonnes of condensate, 0.6% down.

Other companies cut oil output by 51.1% or 21,200 tonnes, to 20,300 tonnes and condensate output grew by 0.1% or 100 tonnes, to 69,900 tonnes.

PrJSC Naftogazvydobuvannia produced 21,820 tonnes of oil with gas condensate (35.2% up), PrJSC Natural Resources decreased output by 7.4%, to 17,863 tonnes, JV Poltava Petroleum Company produced 16,946 tonnes (12.1% up), PrJSC Ukrnaftoburinnia 9,942 tonnes (34.6% down), Regal Petroleum 4.741 million cubic meters (7.8% down), PrJSC Davon 3,448 tonnes (39.1% up), Boryslavska Oil Company LLC 3,267 tonnes (32.2% down), Eastern Geology Union LLC 2,210 tonnes (4.6% up), Systemoilengineering LLC – 2,067 tonnes (a rise of 100%), ESKO-Pivnich LLC 328 tonnes (a fall of 1.3%), KUB-Gas 1,560 tonnes (6.9% down) and PrJSC Ukrgazvydobutok 1,492 tonnes (7.4% down).