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Volume of oil production decreases by 14% in Dagestan in 2017

27 February 2018 10:42 Posted in:  BUSINESS
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Makhachkala, February 27, 2018. In 2017 the oil production in Dagestan decreased by 14% compared to the indices of 2016 - up to 154.5 thousand tons, the republican ministry for transport, energy and communications reports.
At the same time, gas production for the year decreased by 6.9% - to 173.8 million cubic meters. "The tendency of gas production decreasing continues in the current year, the main reason is the high level of depletion and water cut of existing wells and the absence of new wells due to non-conductance of geological exploration" - the ministry representative noted.



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