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Oil exports decreased in Russia by 10%

Oil exports decreased in Russia by 10%
Photo: pixabay.com

Oil exports in Russia fell by 10% from January to July. At the same time, the proceeds from sales of raw materials increased against the backdrop of rising prices.

As the NEDRADVFor seven months, Russian oil and gas companies of the Russian Federation shipped abroad almost 130 thousand tons of oil - 10,3% less than in the same period last year. The decrease was due to a reduction in the production of liquid hydrocarbons under the OPEC + agreement. However, in monetary terms, the volume of oil exports increased by 28,6% and amounted to more than $ 57 billion. The stabilization of the global economy has led to an increase in raw material prices.

Exports of natural gas for seven months of this year increased to 123,8 thousand tons - almost 15%. The increase in exports was due to the low volume of fuel in European gas storage facilities. LNG shipments for the reporting period increased by 5,2% and amounted to 44,4 million cubic meters. In monetary terms, there is a decline of 11,7% to $ 4,35 billion.

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