Oil production increases by 15% in Dagestan

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Makhachkala, November 10, 2015. Over 115 thousand tons of oil was produced in the first nine months of 2015 in Dagestan, the republican Energy Agency reports. Thus, compared to the same period of 2014 the indices have improved by 15%.

At the same time, the production of natural gas, on the contrary, decreased by 26% to 47.11 million cubic meters. "The downward trend in gas production continues in the current year. The main reason for the decrease is the high level of exhaustion and watering of the existing wells and the failure to conduct exploration works" - the agency representative says.

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