Russia's crude oil exports increase 1.8% in 2009: deputy PM

 2009-12-14 23:41:35

MOSCOW, Dec. 14 (Xinhua) -- Russia's crude oil exports in 2009 rose 1.8 percent year on year, but gas exports tumbled 10 percent, Russian news agencies quoted Deputy Prime Minister Igor Sechin as saying Monday.

Russia's oil output increased 1.0 percent to 493 million tons this year, with oil exports at 247.4 million tons, up 1.8 percent from the 2008 level, Sechin said at a meeting with President Dmitry Medvedev.

Natural gas exports, however, have been hit by lower demand in Europe.

Gas exports slumped 10 percent to 170.6 billion cubic meters in2009, Sechin said. Total gas production was 575 billion cubic meters, down 13.5 percent from the year earlier, he added.

He said coal output plunged 10 percent to 296 million tons, but coal exports amounted to about 100 million tons, over 2 percent higher than that in 2008.

The Russian government's budget revenues from the export of energy resources would hit 1.8 trillion rubles (60 billion U.S. dollars) this year, 31 percent more than originally planned, Sechin said.

He said revenues from oil exports were higher than the projected figure as Russia put three new oil fields -- Vankor, Talakan and Verkhechonsk -- in east Siberia into operation.

Editor: Yan

Source: http://news.xinhuanet.com/english/2009-12/14/content_12646907.htm

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