In the five months of 2017, the gross regional product of the Republic of Tatarstan, according to estimates, exceeded RUB 835 billion, or 104% at comparable prices over the same period in 2016. The products were shipped with a total value of more than RUB 863 billion; the industrial production index was 103.5%. In mining operations, the PPI grew by 2.8% compared to the level of January-May 2016. This was announced today at the Oil Summit by Deputy Prime Minister and Minister of Industry and Trade of Tatarstan Albert Karimov.
The traditional Oil Summit is held in the settlement of Karabash (Bugulma Municipal District) and is attended by Tatarstan President Rustam Minnikhanov, Deputy Minister of Energy of Russia Kirill Molodtsov, Director General of the State Commission for Reserves of Commercial Minerals (GKZ) Igor Shpurov, Chairman of the State Council of Tatarstan Farid Mukhametshin, Director General of Tatneft Nail Maganov, and others.
Addressing the participants of the event, Minister Albert Karimov emphasised that the contribution of the Tatarstan’s petroleum sector to the total volume of shipped products was 60.6% (worth RUB 522.6 billion).