Oil and Gas, Mercuria
Ukrnafta" is going to start the oil production in the Sumy and Lvov regions at the end of 2016. This was reported by the Ukrnafta’s press centre.
In January-May 2016, the oil production on the mainland of the Ukraine decreased by 12.2% (93.6 thousand tons) compared to the same period in 2015 to 673.4 thousand tons. This was reported by the Ministry of Energy and Coal Industry.
It is noted that the gas condensate production in this period fell by 5.8% (to 16.3 thousand tons), to 265 thousand tons.
In January-May 2016, enterprises of Naftogaz Ukrainy reduced the oil production by 10% (72.4 thousand tons) to 653.1 thousand tons, gas condensate by 7.8% (16.4 thousand tons) 195.1 thousand tons.
The country has potential for production of oil and gas from shale, the first vice-president of SOCAR Khoshbakht Yusifzade stated.
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