Russia’s oil results for 2022… jump in oil and gas revenues

Russian Deputy Prime Minister Alexander Novak said that Russian budget revenues from the oil and gas industry grew by 28%, or 2.5 trillion rubles, in 2022.

Novak’s statement was made today, Monday, at a government meeting chaired by Russian Prime Minister Mikhail Mishustin.

According to Novak, in 2022, the Russian oil and gas industry achieved the following results:

– Increase in oil exports from Russia by 7%.

Export of coal decreased by 7.6%.

– An increase in the production of gasoline by 4.3% and diesel fuel by 6%.

– Growth of Russian budget revenues from the oil and gas industry by 28%, or 2.5 trillion rubles.

– Increase in production of liquefied natural gas by 8% to 46 billion cubic meters.

Gas deliveries from Russia to China via the Power of Siberia gas pipeline amounted to 15.5 billion cubic meters of gas.

Source: Prime + News

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