Business news from Ukraine

NAFTOGAZVYDOBUVANNIA EXCEEDS LAST YEAR GAS PRODUCTION INDICATOR

26 October , 2016  

KYIV. Oct 26 (Interfax-Ukraine) – Private joint-stock company Naftogazvydobuvannia, part of DTEK Naftogaz, in the period from January 1 through October 23, 2016 produced 1.304 billion cubic meters of natural gas.

“Thus, we exceeded the last year indicator and reached the new level – the largest production volume for the whole history of the company! We are steadily moving to meet the annual target and new peaks,” the company said in a report.

According to quarterly reports of Naftogazvydobuvannia, in Q1 2016 the company produced 381.119 million cubic meters of gas, in Q2 2016 – 395.491 million cubic meters and in Q3 2016 – 427.771 million cubic meters.

In addition, the company produced 41,471 tonnes of gas condensate in January-September 2016.