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)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)