Weekly news digest April 21 - 27 of 2014


Ukraine keeps implementing big infrastructure projects and it gives reasons for optimism. At the same time, state companies are still in fever.

The results of operations of production companies in the 1Q were an unexpected pleasure. In the environment of total chaos and the change of government the industry performed excellent. However, the state companies are rapidly decreasing the amount of production while the private companies are going for the record.

The annexation to Russia turned out to be a real disaster for Chernomorneftegaz. According to some not confirmed data, only for 1 month the amount of production declined twofold. The political component, or to be more accurate the threat of military invasion of Russia is still the determining factor for the future of oil and gas industry of Ukraine.



Ukrainian companies
Department of Organized Crime Control is conducting investigative actions in the office of Ukrtransgaz
The amount of oil production decreased by almost 10% in March
The production of gas in Ukraine increased by 1.3% in March
Chernomorneftegaz faced the problems with the sales of production
Foreign companies
In January-March of 2014 Serinus Energy reduced the daily production of hydrocarbons by 4%
Ukrnaftoburinnya increased its net profit threefold in 2013
Ukrgazdobicha will set up the production of alternative fuel
The largest wind power station in Ukraine was put into commission in Zaporozhe region