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Region: Economics and Sociology

2008 year, number 2

Developing the oil-and-gas potential of Western Siberia and Yakutia: problems and capacities

Sevastyanova, A.E., V.V. Shmat and V.I. Konstantinov

Abstract

The paper describes the character of a hydrocarbonic resource base in Western Siberia and the Republic of Sakha (Yakutia), an economic-geographical location of this area, its economic development, a governmental policy towards it and institutional barriers for developing the oil-and-gas potentials under hazardous climatic conditions of this remote and underpopulated area. The factors why there are many problems in the development of this area are the same that impede the overall development of the oil-and-gas industry in Russia at present.