The Dnipro-Donetsk basin is a major oil and gas producing region accounting for 90 percent of all current Ukrainian production. The structure of hydrocarbons production in Ukraine is as follows: natural gas 89 percent, oil 7.9 percent, and gas condensate 3.1 percent.
Crude Oil Production in Ukraine averaged 48.64 BBL/D/1K from 1993 until 2023, reaching an all time high of 71.00 BBL/D/1K in January of 1993 and a record low of 0.00 BBL/D/1K in April of 2022.
In recent years, Ukraine has produced one third of the world's sunflower oil and accounted for nearly half of sunflower oil global exports, playing a crucial role in the global food security and edible oils supply.
Ukraine is the world's third biggest exporter of vegetable oil. Its share of the global market is about 7%.
One of Ukraine's most famous and valuable resources is its black soil, which is considered to be the most fertile soil in the world. Thanks to these soils, Ukraine is one of the largest exporters of grain crops.
Agricultural products are Ukraine's most important exports. In 2021 they totaled $27.8 billion, accounting for 41 percent of the country's $68 billion in overall exports. Ukraine is normally the world's top producer of sunflower meal, oil, and seed and the world's top exporter of sunflower meal and oil.
Ukraine has tremendous natural resources for meeting domestic oil and gas production needs, with estimates of approximately 900 billion cubic meters of proven reserves of natural gas. In Europe, Ukraine ranks second for gas reserves.
Venezuela has the largest amount of oil reserves in the world with more than 300 billion barrels in reserve.
Ukraine is normally the world's top producer of sunflower meal, oil, and seed and the world's top exporter of sunflower meal and oil.
Ukraine is one of the world's major grain producers. The country mainly grows and exports wheat, corn and barley.
Venezuela - 303.806 Billion Barrels
Venezuela holds the largest oil reserves globally, with over 300 billion barrels mainly located in the Orinoco Belt at the southern end of the eastern Orinoco River Basin.
Oil Reserves FAQ
Venezuela is currently the country with the largest proven oil reserves in the world, with an estimated 300 billion barrels of oil.
Exports In 2021, Ukraine exported $5.6M in Palm Oil, making it the 62nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 439th most exported product in Ukraine.
Naftogaz of Ukraine (Ukrainian: НАК "Нафтогаз України", Naftogaz Ukrainy; literally "Petro-Gas of Ukraine") is the largest national oil and gas company of Ukraine. It is a state-owned company subordinated to the Government of Ukraine.
Overview. Ukraine is an important transit country for supplies of oil and natural gas from Russia to countries throughout Europe.
The country has abundant reserves of coal, iron ore, natural gas, manganese, salt, oil, graphite, sulfur, kaolin, titanium, nickel, magnesium, timber, and mercury.
Russia is the world's largest exporter of oil to global markets and the second largest crude oil exporter behind Saudi Arabia. In December 2021, it exported 7.8 mb/d, of which crude and condensate accounted for 5 mb/d, or 64%.
World Oil Reserves
The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).
Oil reserves, billion barrels, 2021 - Country rankings:
The average for 2021 based on 187 countries was 9.09 billion barrels. The highest value was in Venezuela: 303.81 billion barrels and the lowest value was in Afghanistan: 0 billion barrels. The indicator is available from 1980 to 2021.
An error has occurred. Geopolitics matters. Get insight from the experts. Details: Kashagan field is the largest single untapped oil field in the world and the fifth largest ever discovered. Development is underway.
It is, as a Ukrainian energy consultant who prefers to remain nameless put it, “ironic and ridiculous”: in the midst of Russia's savage war on Ukraine, Russian oil and gas continue to flow through Ukrainian pipelines. Before the war, Europe relied on Russia for 40-45% of its imported gas and about a quarter of its oil.
Resource endowment. Ukraine has a century-long history of oil and gas production and possesses substantial conventional and unconventional hydrocarbon reserves, estimated at 9 billion tonnes of oil equivalent (Btoe).
Ukraine does not have nuclear weapons in its arsenal. In 1991, Ukraine gained independence and inherited the nuclear weapons from the USSR that were located and produced on Ukrainian territory. At that time, Ukraine had the third-largest nuclear arsenal in the world.