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Today's paper. Last Updated: 06/02/2012

Sakha Gives Oil Billions

The regional government of Yakutia-Sakha has allocated 32 billion rubles (about $19 million) to the local oil industry, Interfax reported Thursday.


According to Interfax, this was only half the amount requested by Sakha's Industry Ministry, and analysts said larger investments are needed in the eastern Siberian region in order to develop profitably local oil and oil processing industries.




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