(MENAFN) According to the Federal Customs Service of Russia, the country's oil export revenue dropped by around 11.4 percent to reach USD1533.8 percent last year, QNA reported.
The volume of oil export edged down 5.6 percent to 223.4 million tons in 2014, down from 236.6 million tons a year ago, the agency said in its 2014 export and import data.
In 2015, Russia's oil exports are predicted to decline by 60,000 ballers per day (bpd), and oil production by 70,000 bpd, the Organization of the Petroleum Exporting Countries (OPEC) said.
On gas exports, the statistics given by the Federal Customs Service showed that Russian gas giant Gazprom lost a 18.6-percent gas export revenue in 2014, totaling USD54.73 billion.
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