Some Economic Problems in the Development of the USSR Petroleum Industry

>p>An important place in the target figures for the development of the Soviet economy in 1959-1965 is allocated to the petroleum and gas industry. During the next seven years, the petroleum and gas industry is to leap forward at a rate unprecedented in the history of industrial progress. The recovery of petroleum is to rise from 113,000,000 tons in 1958 to 230-240,000,000 tons in 1965, and that of gas from 30,- 000,000,000 cubic meters to 150,000,000,000 cubic meters.>/p>>p>The increase in petroleum production set forth in the seven year plan exceeds the total increase in petroleum output (104,000,000 tons) during the entire period that has elapsed since the nationalization of the industry (1917-1958).>/p>