New forecast on oil production in Yugra are much more moderate than the former
Within the period up to 2030, the Khanti-Mansi autonomous area (Yugra) will remain the Russia leading oil production region that’s why all forecasts about the region have are important for the common sector and the whole Russia. The evolution of these forecasts is important as well. That’s why before the analysis of the new strategy think it’s reasonable to study how successful was the former one.
Until recent times, the official long-term forecast was the Strategy of the Social and Economic Development of Yugra up to 2020 agreed by the regional Government in November 2008, the Order # 491-rp. The times were hard, and the tendency was for a decline in oil production outlined after many years of rapid growth in the region, and, moreover, economic recession burst out. Within the conditions of the full macroeconomy ambiguity the regional Government compiled 3 scenarios of the regional development, inert, energy and raw materials, and innovation.