Industrial Production Dynamics In Q4 2021

Year 2021 saw extractive industries’ growth on the back of a pickup in demand for power-generating coal and natural gas on the part of European and Asian countries, as well as ebbing restrictions related to the OPRC+ agreement (owing to higher quotas on daily oil production volumes in member countries). In 2021, the manufacturing sector saw growth, too. It was achieved as a result of higher prices and active external demand for industry products, which account for a substantial share of production (metallurgy, oil refining and the chemical industry)