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For this industry, we are focused on sectors that support oil and gas, such as equipment repair and leasing, and oil and gas products wholesalers.
Oil and gas industries pay high wages – with benefits, averaging $135,900 per year, contribute handsomely to the region’s gross regional product (GRP), and offer career pathways for workers with a wide variety of education and skills. Oil and gas industries generally require many more middle-skill jobs than most other industries. These middle-skill jobs are in high demand nationwide, and are a particular strength of the Richmond economy. Eleven industry sectors make up the oil and gas cluster in Richmond. See Table 2.3 below for the full list of industry sectors and an overview for each of the individual industry sectors that comprise the oil and gas cluster in Richmond.
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