Bank Of Baku

Alexei Kudrin: “Russian oil and gas revenue budget will reach record level this year”

Alexei Kudrin: “Russian oil and gas revenue budget will reach record level this year”
# 15 December 2011 13:54 (UTC +04:00)
Baku - APA-Economics. Russian oil and gas revenue budget this year will reach record level and make $346 billion, former Finance Minister Alexei Kudrin said, APA reports quoting Interfax.

To him, in 1992-1999s, oil and gas revenues increased from 23.5 to 30.9 billion dollars. In 2000, this figure increased to 52 billion dollars. After three years, revenues have grown at twice, and in 2006 was already 190 billion dollars.

In 2008, the figure rose to 310 billion dollars, a year later had dropped to 2006 levels due to lower raw material prices due to the crisis. Last year, sales of oil and gas production rose up to 254 billion dollars.
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