“Irelyakhneft” is about to produce 500 thousand tons of oil in Yakutia by 2018

Private oil company “Irelyakhneft” will drill 51 bore holes in Yakutia by 2018 and increase production 5 times, up to 500 thousand tons a year. Minister of Industry of the republic A.Panov said.

“The company plans to fulfill the drilling plan and drill 51 wells by 2018. 41 bore holes are production wells. The company is to reach 500 thousand tons a year production there and then,” Panov said.

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