President of the Sakha Republic (Yakutia) Vyacheslav Shtyrov is counting most on the oil and gas industries in his development plans for the republic.
Photo: Vasily Shaposhnikov
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Development of Yakutia Outlined by Pres.
The Sakha Republic (Yakutia) was discussed in the Ministry of Regional Development yesterday. It is supposed to be included in the Far Eastern Development Program by 2025. For that to take place, 2 trillion rubles in private investment and 500 billion rubles in state investment will be necessary, under the development strategy through 2020 presented yesterday by the republic's president Vyacheslav Shtyrov. That document was 1500 pages long and covers the Russian Far East, the Republic of Buryatia and Irkutsk and Chita Regions. Russian President Vladimir Putin ordered its compilation last year.
In order to meet the goals of the development strategy, the region's GDP must be increased by 180 percent, personal income increased 260 percent. Most of the regional government projects involve oil and gas and mining. Oil production in the region will rise from its current 30 tons of oil a year (used in local boilers) to 1 billion tons per year in 2020. The Talakan oil field will be developed and its oil exported through the East Siberia – Pacific Ocean Pipeline. The republic's government will build an oil refinery in Lensk. Natural gas production in the republic will be raised from 1.6 billion cu. m. to 34 billion cu. m. in 2020. The Chayandin deposit will be developed and liquefied natural gas will be exported to China.
Shtyrov's plans also include the construction of four iron ore processing plants and bringing the Elkon uranium plant up to full capacity. In addition, three gold-processing plants will be built and underground diamond mining will be initiated. A South Yakutian hydroelectric complex will be built to generate 4.2 gigawatt-hours of electricity per year by 2020. Among the expected investors in the republic are Surgutneftegaz, Gazprom, Mechel and Rosatom.
www.kommersant.com
All the Article in Russian as of Jan. 30, 2008
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