Business news from Ukraine

KARPATYGAZ, UKRGAZVYDOBUVANNIA JOINTLY PRODUCE 54.7 MCM OF GAS IN OCT – MISEN

21 November , 2016  

KYIV. Nov 21 (Interfax-Ukraine) – Joint operations of public joint-stock company Ukrgazvydobuvannia and Karpatygaz LLC resulted in production of 53.7 million cubic meters (mcm) of gas and 2,700 tonnes of gas condensate in October, according to a posting on the website of Misen Energy АВ (Sweden, the owner of the controlling stake in Karpatygaz).

In addition, 400 tonnes of oil and 900 tonnes of liquefied gas were produced by the joint venture.

In October the joint venture sold 44.5 mcm of gas, and 7.8 mcm was used for technological needs of the Khrestyschynska compressor station. The entire amount of gas condensate and oil produced in October was sent for refining.

As reported, joint operations of Ukrgazvydobuvannia and Karpatygaz in 2015 resulted in a loss of UAH 87.317 million.