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    Soviet industry has met the targets assigned for the first quarter of 1975, the Central Statistical Board of the USSR reports.

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    Background: Soviet industry has met the targets assigned for the first quarter of 1975, the Central Statistical Board of the USSR reports.

    The report indicates that the plan has been exceeded in respect of production and realisation of most items and industrial products. The worth of two billion roubles of products has been realised over and above the plan.

    During the period under review the industrial output grew by 7.5 per cent in relation to the last years period with 6.7 per cent growth rate planned for 1975.

    Labour productivity has grown by 6 per cent exceeding the rated target of 5.7 per cent.

    82 per cent of the industrial growth was received through increased labour productivity.

    On the other hand the Report states that a number of industrial units and enterprises failed in fulfilling the planned targets on realisation of produce and growth of labour productivity.

    Production fell short of the targets in sulphuric acid, detergents, entry-driving machines, petroleum equipment, some kinds of fabrics, leather foot wear, animal oil.

    Measures are being taken end this lagging behind among such enterprises.

    Of special interest is the first part of the Report which deals with fulfilling and overfulfilling of targets by Soviet power engineering.

    Within the first quarter the fuel industry of the country increased production by 7 per cent, which is a substantial figure in the context of Soviet production.

    Last year USSR extracted 459 million tons of oil. 280 new major oil deposits are currently either operating or being developed. Oil also is produced in the shelfs of the Caspian and Black seas. To be opened soon is oil production in the Barents Sea.

    Currently the Soviet Union holds the first place in deposits and production of oil. One billion tons of oil are expected to be produced by the year of 1990.

    Gas industry scored 105 per cent in fulfilling its three-months plan and increased gas production by 123 per cent in comparison with the same period in 1974. The commercial reserves of natural gas in the USSR is estimated at 20,000 billion cubic metres.

    According to some estimates it is 70 trillions -- a staggering figure.

    The Urengoisk deposits (Siberia) alone account for 6 trillions of natural gas. This means that Moscow could draw its gas supplies for one thousand years at the rate of 40 million cubic metres per 24 hours.

    The USSR exports 20 per cent of its gas.

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