Russian Oil Exports Drop 3.5 in 2014 First Half


(MENAFN- Qatar News Agency) Moscow August 06 (QNA) - Russian oil exports dropped 3.5% in the first half of 2014 year-on-year to $81.068 Billion an Itar-Tass report said Wednesday citing the Russian Federal Customs Service data. Exports contracted 5.2% to 109.75 million tonnes against 115.75 million tonnes a year earlier. Oil mainly exported to the far abroad countries - $76.298 billion 2.9% lower than a year before while revenue from supplies to the Commonwealth of Independent States (CIS) dipped 12.1% to $4.768 billion. Gazprom gas export revenue increased 4.5% year-on-year to $33.508 Billion in the first half of 2014. The Russian gas major boosted gas export 7% to 99.4 billion cubic metres. Natural gas export to the far and near abroad increased 3.4% to 69 billion cubic metres and 16% to 30.4 billion cubic metres respectively. (QNA)


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