Crude oils of the Yablunivsky deposit (Poltava region, Ukraine) have been studied in order to choose further ways of their processing. The fractional composition was studied by the method of simulated distillation. The structural and mechanical properties of petroleum products, the content of metals and the elemental composition were determined. Studies have shown that oils are of high-sulfur heavy grade, without light distillates; they have high density, viscosity, and large amounts of metals. A flow chart for the processing of such oils has been proposed.