Russian oil export revenues surge over 20% in first half of 2021
In monetary terms, the country exported $47.63 billion worth of crude. However, the volume of oil exports totaled 88.2 million tons, marking a decline of nearly 12%. The drop is attributed to production cuts agreed upon by Russia with the Organization of the Petroleum Exporting Countries (OPEC).Also on rt.com US imports more Russian crude despite targeting country’s energy sector with sanctions
In June, Russian crude exports grew 11.5% compared to the previous month, reaching 22.65 million tons. In monetary terms, June’s month-over-month exports increased by 22.9%, to $10.9 billion.
Revenues from exports of liquified natural gas (LNG) from January to June 2021 fell by 15.9% to $3.301 billion against the same period a year ago. Meanwhile, physical volume of LNG exported in the indicated period saw a year-on-year growth of 7.3%, reaching 35.3 million cubic meters.
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