Ukraine's Ukrnafta increased oil output by 0.6% in 2024, says CEO
Published by Global Banking & Finance Review®
Posted on January 23, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on January 23, 2025
1 min readLast updated: January 27, 2026

Ukrnafta boosted oil output by 0.6% in 2024, overcoming power outages. Gas production also rose by 6.5%, with Naftogaz reporting increased gas output.
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)
The article discusses Ukrnafta's increase in oil and gas output in 2024 despite challenges like power outages.
Ukrnafta increased its oil output by 0.6% to 1.418 million metric tons in 2024.
Ukrnafta faced prolonged power outages that limited oil production.
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