Chechen President Alu Alkhanov on Wednesday complained about \"clearly insufficient\" operations by the Russian oil company Rosneft, the only company producing oil in Chechnya. \"We want to develop this sector both qualitatively and quantitatively,\" Alkhanov told a news conference. \"The oil industry accounts for 70% to 80% of the republic\'s budget,\" he said. \"But geological prospecting is also important for us. To date we use about 100 wells whereas there are about 500 in the republic,\" Alkhanov said. \"By and large, there is a document that governs the operation of the Rosneft petroleum company [in Chechnya]. But since time doesn\'t stand still, we would like greater progress as regards business projects,\" Alkhanov said. (Interfax)