Industrial production index in Bashkortostan reached peak over past five years – Andrey Nazarov
In terms of industrial production, Bashkortostan ranks ninth in Russia and second in the Volga Federal District. Last year, the industrial production index amounted to 104.2% compared to the national average of 102.4%. This is the greatest value over the past five years, the First Deputy Prime Minister of the Republican Government Andrey Nazarov emphasized on Thursday at a meeting of the Bashkir parliament.
The industrial sector accounted for over 40% of the gross regional product.
Meanwhile, mining in the republic amounted to 111.9% last year, compared to 2018.
Currently, Bashkortostan produces 3 percent of all Russian oil, or 18.3 million tons. Of these, 16.1 million tons of oil – in the republican territory.
Bashkortostan is now one of the eight regions of the country with the largest volumes of oil production. It takes third place in the Volga Federal District with a share of 13.5 percent.
As the First Deputy Prime Minister of the Government of Bashkortostan stressed, the implementation of large projects and the new product development contributed to the sustainable growth of the industrial sector.
In particular, the construction of one of the industry’s largest underground mines in the Podolsk copper-zinc deposit began. New production facilities in the chemical complex, mechanical engineering, and electric power industry were also commissioned.