Bank Of Baku

Russia sees decline in revenues from oil sale

Russia sees decline in revenues from oil sale
# 06 August 2013 15:12 (UTC +04:00)

115.75 mln tonnes of oil was exported in January-June, 2013, this figure made 118.69 mln tonnes last year. Consequently, export of Russian oil to far foreign countries fell 8.5%, incomes decreased from $85.85 bn to $78.56 bn. Oil export to the CIS countries dropped to 6.5%, incomes slipped from $5.8 bn to $5.42 bn.

 

According to the Federal Customs Service, in 2012, Russia's revenues from oil exports increased by 5.37% - up to $180,916 bn against $171,696 bn in 2011. In 2012, oil export of Russian grew by 9.5% - from 219,096 mln tonnes to 239,946 mln tonnes. 

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