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Ukrnafta retains oil production at 121,000 tons in January

In January 2024, the largest oil production company, Ukrnafta, retained the production of oil with condensate at the level of 121,000 tons compared to the same period last year.

This follows from a statement by the company, the Ukrainian News agency reports.

Also, in January, Ukrnafta increased gas production by 8.3% year over year to 100.9 million cubic meters.

In January 2023, the company produced 120,810 tons of oil with condensate and 93.14 million cubic meters of gas.

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As the Ukrainian News agency earlier reported, in 2023, Ukrnafta increased the production of oil with condensate by 3% to 1.41 million tons compared to 2022.

Ukrnafta ended the first half of the year with a profit of UAH 14.1 billion.

In November 2022, the shares of Motor Sich, Ukrnafta, AvtoKrAZ, Ukrtatnafta, and Zaporizhtransformator (ZTR) were alienated into state ownership for the period of martial law.

After its completion, the assets may be returned to their owners, or their value may be reimbursed.

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