Overall, for the four months of 2023, the budget of the Russian Federation received 2.283 trillion rubles from the oil and gas industry against 4.772 trillion rubles last year.
In April, revenues from the oil and gas industry in the budget of the aggressor country Russia decreased by 5.9% compared to March, to 647.5 billion rubles. This is confirmed by the statistics of the Ministry of Finance of the Russian Federation on Thursday, May 4.
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At the same time, compared to April 2022, the indicator fell 2.78 times – then revenues reached 1.798 trillion rubles.
Overall, for the four months of 2023, the budget of the Russian Federation received 2.283 trillion rubles from the oil and gas industry against 4.772 trillion rubles last year.
Russian media also reported that in the first quarter of 2023, gas production in Russia decreased by 10% compared to the same period last year, to 180 billion cubic meters. In March, production also fell by 10% compared to March 2022, to 61 billion cubic meters.
At the same time, Gazprom’s production continues to decline amid falling exports to the EU. In the first quarter, the monopolist reduced gas production by almost 18%. But the production of the largest independent producers – Rosneft and NOVATEK – is increasing.
Most of the decline in production falls on Gazprom. Since the beginning of the year, the company has stopped disclosing gas production statistics.
The largest independent producer NOVATEK produced 20 billion cubic meters in the three months of 2023, which is about 1% more than a year before. In March, the company’s production immediately increased by 6% – up to 7 billion cubic meters.
Rosneft increased gas production by more than 70% in the first quarter, to 19.7 billion cubic meters. In March, the company’s gas production increased by 65% to 6.7 billion cubic meters.
Earlier, the International Energy Agency (IEA) estimated a drop in Russia’s revenues from oil and gas sales by nearly 40%. They predict that this process will become sharper in the coming months and more serious in the medium term.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.