Europe / Caspian / CIS
Country profile: Ukraine
| Location: | Eastern Europe, bordering the Black Sea, between Poland, Romania, and Moldova in the west and Russia in the east |
| Climate: | temperate continental; Mediterranean only on the southern Crimean coast; precipitation disproportionately distributed, highest in west and north, lesser in east and southeast; winters vary from cool along the Black Sea to cold farther inland |
| Terrain: | most of Ukraine consists of fertile plains (steppes) and plateaus, mountains being found only in the west (the Carpathians), and in the Crimean Peninsula in the extreme south |
| Size: | 603700 sq. km total (Land area: 603700 sq. km ) |
| Population: | 45,994,287 (July 2008 est.) |
| Languages: | Ukrainian (official) 67%, Russian 24%, other 9% (includes small Romanian-, Polish-, and Hungarian-speaking minorities) |
| Government: | republic |
| Capital city: | Kyiv (Kiev) |
| Legal system: | based on civil law system; judicial review of legislative acts; has not accepted compulsory ICJ jurisdiction |
| Currency: | hryvnia (UAH) |
| Licensing: |
Country profile
Ukraine's geographic position, linking East and West, while also holding critical warm water ports on the Black Sea, has made the country a trade link of growing importance between the former Soviet Union and Europe for energy and other goods. Ukraine is one of Europe’s largest energy consumers, and it consumes over twice as much energy per unit of GDP than Germany.
In 2005, almost half of Ukraine’s energy consumption came from natural gas, and over 75 percent of this natural gas came from Russia. Since 2004, the price of imported natural gas from Russia has almost doubled. The economic impact of these price increases on the economy will depend on the pace at which Ukraine can implement energy efficiency reforms. For a more in-depth discussion of the recent increases in natural gas prices and energy efficiency reform in Ukraine, please consult a February 2007 IMF
Energy production and consumption
| Oil | Gas | |
| Production: | 90,400 bbl/day (2006) | 20 billion cu m (2006 est.) |
| Consumption: | 284,600 bbl/day (2006) | 73 billion cu m (2006 est.) |
| Exports: | 214,600 bbl/day (2006) | 4 billion cu m (2006 est.) |
| Imports: | 469,600 bbl/day (2006) | 57 billion cu m (2006 est.) |
| Reserves: | 395 million bbl (1 January 2006 est.) | 1 trillion cu m (1 January 2006 est.) |
| Major fields: |
Ukraine - recent news
| 28 Apr 25 |
Ukraine: Naftogaz deploys funds for immediate purchase of 1 bcm of gas Naftogaz has secured a €270 million loan from the European Bank for Reconstruction and Development (EBRD) and a €140 million grant from the Norwegian government via the NORAD fund. The funds will allow Ukraine to purchase nearly 1 bcm of gas, which is essential to ensure a stable heating season amid ongoing war and repeated attacks on energy infrastructure. |
| 23 Apr 25 |
Ukraine: Ukrtransgaz commences new gas storage injection season Naftogaz Group’s storage operator, JSC Ukrtransgaz, has officially commenced the new gas injection season across its underground gas storage (UGS) facilities. The 2024/2025 withdrawal season spanned 167 days and was marked by sustained Russian attacks, a decline in domestic production, and the halt of Russian gas transit. Despite these challenges, Ukraine’s UGS facilities remained stable and continue to operate without interruption. |
| 01 Apr 25 |
UK: Angus Energy announces update on booster compressor at Saltfleetby gas field Angus Energy has announced that commissioning of the new booster compressor at the Saltfleetby gas field onshore UK is underway. |
| 27 Feb 25 |
Ukraine: Zhoda Investments announces operational update on operations in Ukraine Zhoda Investments' oil operations in Ukraine continue to develop despite the challenges posed by Russia's invasion. |
| 28 Jan 25 |
Ukraine reinstates suspensions of Enwell's MEX-GOL and SV Licences Enwell Energy, the AIM-quoted oil and gas exploration and production group, has been informed that the Second Appeal Administrative Court in Ukraine cancelled one of the previous interim rulings of the Poltava District Administrative Court which had lifted the respective suspensions of the Company's Mekhediviska-Golotvshinska ('MEX-GOL'), Svyrydivske ('SV') and Vasyschevskoye ('VAS') production licences in Ukraine. |
Ukraine - more news
Other countries in this region
- Afghanistan,
- Albania,
- Armenia,
- Austria,
- Azerbaijan,
- Belarus,
- Belgium,
- Bosnia and Herzegovina,
- Bulgaria,
- Croatia,
- Cyprus,
- Czech Republic,
- Denmark,
- Estonia,
- Faroe Islands,
- Finland,
- France,
- Georgia,
- Germany,
- Greece,
- Greenland,
- Hungary,
- Iceland,
- Ireland,
- Italy,
- Kazakhstan,
- Kyrgyzstan,
- Latvia,
- Lithuania,
- Luxembourg,
- Malta,
- Moldova,
- Montenegro,
- Netherlands,
- Norway,
- Poland,
- Portugal,
- Romania,
- Russia,
- Serbia,
- Slovakia,
- Slovenia,
- Spain,
- Sweden,
- Switzerland,
- Tajikistan,
- Tatarstan,
- Turkey,
- Turkmenistan,
- United Kingdom,
- Uzbekistan
