Ukraine’s national oil and gas company Naftogaz Ukrayiny produced 113,000 barrels of crude oil from deposits in Egypt in the second quarter of 2012, up 10.8% from 102,000 barrels in the first quarter, the Energy and Coal Industry Ministry said in a statement Friday.

Naftogaz, which started oil production in Egypt at the Alam El-Shawish East block in April 2010, had extracted a total of about 900,000 barrels of oil from the deposit.

The project is Naftogaz’s first overseas hydrocarbon extraction project ever.

 Source: Ukrainian Journal