MIRNY (Yakutia), February 6 (RIA Novosti) - The Russian Republic of Yakutia plans to produce 35 billion cubic meters of gas annually by 2016 and 12 million metric tons (88 million barrels) of oil by 2020, the republic's president said on Wednesday.
"By 2020, we plan to produce 12 million metric tons of crude from all deposits. This is a realistic goal. We are also prepared to launch the implementation of a gas program and plan to produce 35 billion cubic meters of gas by 2016," Vyacheslav Shtyrov said.
The east Siberian republic's potential crude reserves are estimated at 2 billion metric tons (14.6 billion barrels), and the republic is building up geological prospecting and plans to create its own oil and gas refining facilities, Shtyrov also said.
