Source: revenues from the Sakhalin oil and gas industry declined by 1.7 times

YUZHNO-SAKHALINSK, October 24 – RIA Novosti. Sakhalin oblast for the first three quarters of 2016, has lost more than 70 billion oil and gas revenues, reported RIA Novosti a source in the Ministry of natural resources and environmental protection of Sakhalin region.

“For the first three quarters of the year the budget of the Sakhalin region from oil and gas companies received 95,5 billion rubles. In October 2015 income was $ 168,7 billion. The reduction was 1.7 times,” — said the Agency interlocutor.

The decline in revenues in the consolidated budget of the region in comparison with last year, according to experts of the Ministry, due to the changed economic environment and, above all, the fall in world oil prices.

Oil and condensate for the nine months of the year amounted to 13.4 million tons, which is 8.5% higher than for the same period last year, gas produced 20.7 billion cubic meters, which is equal to the figure in the same period of the previous year.

It is noted that the plans for 2016 – to produce 17.5 million tons of oil and 28.9 billion cubic meters of gas.