KYIV (Reuters) - Ukraine's largest oil company, Ukrnafta, increased oil output by 0.6% to 1.418 million metric tons last year, CEO Serhiy Koretsky said on Thursday. The company also increased gas
Ukrnafta Increases Oil Production by 0.6% in 2024 Despite Challenges
KYIV (Reuters) - Ukraine's largest oil company, Ukrnafta, increased oil output by 0.6% to 1.418 million metric tons last year, CEO Serhiy Koretsky said on Thursday.
The company also increased gas output by 6.5% to 1.17 billion cubic metres (bcm).
"Despite prolonged power outages that limited oil production, the company managed not only to compensate for the natural decline, but also to increase oil and gas output," he said on Facebook.
Ukraine's state-run Naftogaz oil and gas company said last week that it had increased natural gas production to 13.9 bcm in 2024, up from 13.2 bcm in 2023.
Naftogaz owns 50% plus one share of Ukrnafta.
(Reporting by Pavel Polityuk; Editing by David Goodman)
