The specificity of the Okrug's economy relates to the riches of the oil and gas fields. In the structure of industrial production the oil and gas producing industry accounts for 89.4%, electrical power industry - 5.5%, machine building and metal working - 2.4%, gas processing - 1.6%, logging and timber processing - 0.24%, production of construction materials - 0.24%, food - 0.17%. The volume of Gross Regional Product exceeded 2.1 trillion roubles in 2008.
Oil and gas
As of 1 January 2008, there were 278 commercially exploited oil and gas fields. In Ugra, 62 enterprises produce oil and gas. In 2008, they produced 277.8 million tons of oil. In the last year, 5 new fields were brought onstream in the Okrug.
ОАО Rosneft accounts for a fourth of the oil produced in Ugra, ОАО Surgutneftegaz - 22%, ОАО Lukoil - 19.6%, ОАО ТNК-ВР - 17.2%. Most of the oil is exported outside the Okrug as crude. The volume of initial processing of oil at the local business level makes up 5.5 million tons per year. The predicted petroleum reserves of Ugra are estimated at 35-40 billion tons. In 2008, gas production amounted to 29.9 billion cubic metres. Surgutneftegaz accounts for about a half of this gas volume.
Electric power industry
KhMAO-Ugra is one of the regions with a highly developed electric power industry. Its basis is made up by the electric power stations - State District Power Plant-1 and State District Power Plant-2 of Surgut, and State District Power Plant of Nizhnevartovsk, with 8,924 MW total installed capacity, as well as electrical grid with 500, 220 and 110 KV voltage and a total length of 21,532 km. Besides the large State District Power Plants, electric power is supplied by autonomous diesel engine and gas turbine power plants. The electric power industry of Ugra has excess capacities and streams them outside the region. Associated petroleum gas and natural gas are the main and the backup fuel for all electric power plants.
Construction industry is one of the most important industries in Ugra. This sector of the economy employs 130,000 people. Recently, this industry increased the volume of residential housing construction: 872,000 square metres of residential housing were built in 2007, 848,000 square metres - in 2008.
The strategic plan of the Okrug provides for the construction of 8 million square metres of residential housing within the next 12 years, which is why attracting investment into the construction industry is seen as a priority.
The timber industry of Ugra includes logging and timber processing enterprises. The total reserve of timber is 3 billion cubic metres, including 2.4 billion cubic metres of coniferous timber. In recent years, only 10% of the allowed volumes are logged. In relation to this, a new program for the development and restructuring of the lumber industry has been implemented in Ugra. Its aim is to set up proprietary processing facilities and put into operation undeveloped timber resources. Over 13 billion roubles has already been allocated for this purpose from various sources.
The main production is meat and dairy livestock farming. Most farms have highly productive herds of cattle and state-of-the-art equipment in the milk-processing units. Reindeer breeding is preserved and developed. Reindeer breeding in the Okrug is done by 4 agricultural farms that own over 15,000 animals.
Northern climate facilitates the fur animal breeding - polar and silver fox.
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