The Tomsk region is known for its oil and gas assets. Oil extraction in the region began in the 1960s and gas production was introduced in the mid-1990s. The Tomsk region is currently one of the ten leading oil regions in Russia.
The region is divided up diagonally in the middle of the Ob River, which runs from the southeast to the northwest and then out to the Arctic Ocean. The locals say the “left” and “right” riverbank, and infrastructure has thus far only been developed on the “left” side. Future growth in extractable hydrocarbons is primarily linked to the development of the right riverbank. The local government in Tomsk therefore thinks that the region will be key for the expansion of oil extraction throughout eastern Russia.