Economy
Yamalo-Nenetsky Avtonomny Okrug is Russia's most important source of natural gas, with more than 90% of Russia's natural gas being produced there. The region also accounts for 12% of Russia's oil production. The region is of utmost importance to Russia's largest company Gazprom, whose main production fields are located there. Novatek – the country's second largest gas producer – is also active in the region, with its headquarteres located in Tarko-Sale.
Read more about this topic: Yamalo-Nenets Autonomous Okrug
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)