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Summary | Profile

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

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.
22 Jan 25
Ukraine: Vestas to deliver wind turbines for Ukraine’s largest wind energy project
Vestas has received a 384 MW order for the second phase of DTEK’s Tyligulska project in Ukraine. This order adds to the 114 MW Tyligulska I order which Vestas received in March 2021 and successfully commissioned in the spring of 2023.
12 Dec 24
Ukraine: Nordex Group receives order from Ukraine for 40 MW
The Nordex Group has received an order from Eco-Optima for 40 MW in Ukraine with a curtailed and tailored logistic and installation scope. The turbines destined for the 40 MW Sokal Wind Farm north of Lviv in the west of the country will be installed on 118-meter tubular steel towers and will be operated with a nominal output of 5.7 MW.

Ukraine - more news

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