In the Khanty-Mansi Autonomous Okrug, investments in the oil and gas sector have increased by a third over five years.

In the Khanty-Mansi Autonomous Okrug, investments in the oil and gas sector have increased by 35 percent over five years. This was announced by the district governor Natalya Komarova during a report on the results of the government of Ugra for 2023, which was broadcast on the social networks of the head of the region.

“Ugra subsoil users produced 180.3 million tons of oil in the 10th month. 24.3 billion cubic meters of natural associated petroleum gas. I would like to note the effectiveness of the region’s tax expenditures for the oil and gas industry. Current incentive measures have made it possible over the past five years to increase the volume of investments in fixed capital of mining organizations by more than 35 percent. Maintain the annual oil production level of about 220 million tons. Production drilling is 17-18 million kilometers,” the governor said.

The head of the district also noted that the region’s share in the total volume of production drilling is 65 percent. In addition, tax incentives for oil and gas companies allowed them to significantly reduce their dependence on imported technologies and stimulate investment in the production of special Russian equipment for oil companies.

Earlier, URA.RU reported that Khanty-Mansiysk Autonomous Okrug was among the top three regions of the Russian Federation in terms of the level of development of medicine. The head of the region, Natalya Komarova, announced this during a report on the results of the government of Ugra for 2023.