PJSC Ukrnafta in January 2024 increased oil and condensate production by 0.2% (270 tonnes) compared to January last year - to 121,080 tonnes, gas - by 8.3% (by 7.77 million cubic meters), to 100.91 million cubic meters.

According to the company's press release, in general, hydrocarbon production in oil equivalent amounted to 207,870 tonnes, which is 3.5% more than the level of January 2023 (200,920 tonnes).

“Thanks to the company’s specialists, who for the second year in a row continue to increase the production of the Ukrainian resource. We continue to drill new wells, implement measures to intensify production and update old equipment to API standards,” said director of Ukrnafta Serhiy Koretsky.

As reported, Ukrnafta in 2023 increased oil and condensate production by 3% (by 39,900 tonnes) compared to 2022 - to 1.410 million tonnes, gas - by 5.8% (by 60.4 million cubic meters), to 1.097 billion cubic meters.

Ukrnafta sets a strategic goal of doubling oil and natural gas production to 3 million tonnes and 2 billion cubic meters by 2027 respectively.

Ukrnafta is the largest oil producing company in Ukraine, operating a national network of gas stations of 537 stations, of which 456 are operational.