HistorySAKHANEFTEGAZ was founded in 1988 as a joint venture between various business men in the Russian far regions located in the Republic of Sakha, to address the need of the citizens of Sakha to have a privately owned Oil Exploration and export company. The company is now owned by three Individuals who are citizens of Sakha.After Two years In September 1990, Sakha adopted the Declaration of State Sovereignty and proclaimed the Republic of Sakha (Yakutia). Capital - Yakutsk (225.5 thousand), founded in 1632, distance from Moscow to Yakutsk, 8468 km.Geographical location. Sakha Republic - the largest in area subject of the federation. It is located in the north eastern Siberia in the basins of the Lena, Yana, Indigirka and the lower Kolyma River. The length of Yakutia from north to south of about 2000 km from west to east - 2100 km. Includes the New Siberian Islands. It borders on the south - the Amur region, in the south-east - the Khabarovsk Krai and Magadan region, in the east - the Chukotka Autonomous District, in the north - with Dolgan-Nenets and Evenk Autonomous District, in the south-west - the Irkutsk Region. In the north of the republic bordering the Laptev Sea and East Siberian Sea. The main mode of transportation in Yakutia - water. Navigation - the Northern Sea Route, as well as the Lena River and its tributaries. Also developed road transport (mainly in winter). The main highways are the Amur-Yakutsk highway, Lenek-peace, Khandyga-Magadan.Natural conditions. Over 40% of the Republic of Sakha lies above the Arctic Circle. Most of it is occupied by low mountain ranges and plateaus. The country of about 0.5 million rivers that belong to the basin of the Arctic Ocean. Major rivers Lena, Kolyma, Indigirka. Over 700 thousand lakes. Ground - permafrost-taiga. About 80% of the Republic of Sakha has a zone of taiga. Forests cover 138 million hectares. Among the trees dominated Dahurian larch (about 89%).