Irkutsk Petroleum Company increased hydrocarbons extraction

​Irkutsk Petroleum Company in Q1 2015 extracted 1.25 mln tons of oil and condensate, by 45% more than in Q1 2014. It was due to the growth of fund of wells and implementation of technologies aimed at extraction intensification.

“This year Irkutsk Petroleum Company plans to extract about 6 mln tons of liquid hydrocarbons raw materials and increase the production with the rise of the oil extraction coefficient for the maximum effect of development of small deposits. Within the past 4 years Irkutsk Petroleum Company increased the volume of liquid hydrocarbons extraction by 3.4 times to 4.1 mln tons in 2014”, the  company’s press service reports.

Within the past 4 years the company increased the volume of tax payment to the budget by 3.2 times. In 2014 Irkutsk Petroleum Company paid taxes at the volume of 48 bln roubles, including to the budget of the Irkutsk region – 4.9 bln roubles.