45190
Russian Oil Export Revenues  Fall 48%
Energy

Russian Oil Export Revenues Fall 48%

Russia’s revenues from the export of oil products plummeted 48.3% year-on-year in January-May 2016 to $16.8 billion, according to the Russian Federal Customs Service report published on Friday. Export of oil products declined 13.5% year-on-year in physical terms to 66.7 million tons in the reporting period. Export of oil products to countries outside the Commonwealth of Independent States fell by 13.2% to 63.8 million tons. Nonetheless, it declined by 17.7% to 2.9 million tons to CIS countries. The export of Russian oil dropped in value terms by 34.3% year-on-year in January-May to $26.139 billion, Tass reported. In January-May 2015, this indicator was $39.814 billion. The actual volume of oil export also increased by 4.65% in the reporting period to 105.849 million tons versus 101.142 million tons a year earlier. The bulk of oil was exported to non-CIS countries, with the price of supplies amounting to $24.134 billion versus $37.235 billion in January-May 2015. Revenues from oil supplies to CIS countries totaled $2 billion versus $2.58 billion a year earlier.

 

Short URL : http://goo.gl/njsQXU
  1. http://goo.gl/8hCr5q
  • http://goo.gl/aM7VtF
  • http://goo.gl/BuJDlp
  • http://goo.gl/TvMbIi
  • http://goo.gl/x9gM86

You can also read ...

Sweden Approves Nord Stream 2 Pipeline
While Denmark is yet to give permission for the Nord Stream 2...
India Sees $55-60 Oil Price Reasonable
India, the world’s third-largest oil consumer, expects a...
Chinese Tariffs Will Crimp American Shale Production
China’s proposed tariffs on US petroleum imports, part of a...
NIOC Plans to Increase Oilfield Capacity
National Iranian Oil Company plans to increase the production...
OPEC reached an agreement with Russia in 2016 to keep 1.8 million bpd off the market.
Oil Minister Bijan Namdar Zanganeh rejected leaving the 2016...
Sixfold Rise in Zanjan Petrochem Plant Capital
Zanjan Petrochemical Complex’s registered capital has...
Renewable Power Plants' Dues Settled in Full
The state-run Renewable Energy Organization of Iran, aka SUNA...

Trending

Googleplus