In 2014, Yakutia will increase oil production by 30%
Edited by Rhod Mackenzie / 2014-01-28 11:23:38
ALROSA Metals and mining Oil and Gas Russia Russia Oil and Gas Gas Oil Production and Refining Rosneft Surgutneftegaz
In 2014, Yakutia will increase oil production by 30% to 9.9 million tons, the Minister of Economy of the region O. Fyodorova says. She claims that the sector stably develops in the region. Under the preliminary forecast, in 2013 Rosneft owning Taas-Yuryakh Neftegazdobycha extracted over 1 million tons of oil in Yakutia, by 5.5 times more than in 2013. Surgutneftegaz increased production as well. In 2014, they are going to increase production by 22.4% to 8.8 million tons. Besides from that, in September 2013, Rosneft bought 100% in Irilyakhneft from Alrosa.
