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Oil and natural gas sales accounted for 68% of Russia’s total export revenues in 2013
Energy Information Administration ^ | July 23 2014 | Alexander Metelitsa

Posted on 07/23/2014 2:26:25 PM PDT by PoloSec

graph of Russia gross export sales, as explained in the article text

Source: U.S. Energy Information Administration, Russia Federal Customs Service
Note: Natural gas includes liquefied natural gas (LNG) sales.

Russia is a major exporter of crude oil, petroleum products, and natural gas. Sales of these fuels accounted for 68% of Russia's total export revenues in 2013, based on data from Russia's Federal Customs Service. Russia received almost four times as much revenue from exports of crude oil and petroleum products as from natural gas. Crude oil exports alone were greater in value than the value of all non-oil and natural gas exports.

Europe, including Turkey, receives most of Russia's exports of crude oil and products, as well as virtually all exports of natural gas. Asia (especially China) receives substantial volumes of crude oil and some liquefied natural gas (LNG) from Russia. Recently, Russia finalized a 30-year, $400 billion deal to supply China with natural gas from fields in Eastern Siberia, which will further increase Russian export revenues. North America imports some Russian petroleum products, particularly unfinished oils used in refineries.

Although Russia exports less crude oil and less natural gas than it consumes domestically, domestic sales of crude oil and natural gas are much lower in value than exports because of vertical integration of the oil and natural gas industry and subsidized domestic prices.

Many Russian oil firms are vertically integrated, owning both the oil fields and refineries that process crude oil. These firms can sell crude oil directly to their own refineries at low prices. Domestic natural gas prices are also subsidized, forcing Russian companies like Gazprom to use export revenue to fund investment in new infrastructure and projects. EIA estimates that Russian domestic sales of natural gas and crude oil were about $20 billion in 2013, based on data from IHS Energy.

Although revenue from domestic sales of crude oil and natural gas in 2013 was significantly lower than revenue from exports, Russian domestic sales of petroleum products, particularly motor gasoline and distillate fuel oil, were approximately $102 billion, similar to revenue from product exports.

Oil and natural gas activities make up a large portion of Russia's federal budget. According to the Ministry of Finance, 50% of Russia's federal budget revenue in 2013 came from mineral extraction taxes and export customs duties on oil and natural gas.

graph of Russia gross export and domestic sales, as explained in the article text

Source: U.S. Energy Information Administration, Russia Federal Customs Service, IHS Energy, Eastern Bloc Research
Note: Natural gas includes LNG sales.


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS:
We could put Putin on his knees if we had some leadership in this country!
1 posted on 07/23/2014 2:26:25 PM PDT by PoloSec
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To: PoloSec
Typical of a Third World nation.
2 posted on 07/23/2014 2:28:53 PM PDT by ConservingFreedom (A goverrnment strong enough to impose your standards is strong enough to ban them.)
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To: PoloSec

And yet another reason to drill, drill, drill, and drive oil prices down. You diminish the economies of the middle east and Russia at the same time.


3 posted on 07/23/2014 2:30:00 PM PDT by Marko413
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To: PoloSec
They are starting to figure out that capitalism isn't so evil.


4 posted on 07/23/2014 2:35:41 PM PDT by McGruff (If you tell a lie often enough the weak minded will accept it to be truth.)
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To: PoloSec

If we had some eggs, we could have ham and eggs, if we also had some ham.

At the moment, we have neither the national will, nor the infrastructure is a ready-to-operate mode, to really deliver a challenge to the amount of leverage the Russians have in international natural gas and petroleum marketing capabilities.

We are in line to become the greatest producers and EXPORTERS of natural gas, in the form of Liquified Natural Gas, if our fleets of cryogenic LNG tankers were already built or under construction. But this would involve also building additional natural gas pipeline capability, and there seems to be some hesitancy about proceeding.


5 posted on 07/23/2014 2:35:50 PM PDT by alloysteel (Most people become who they promised they would never be.)
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To: PoloSec

So when McCain called Russia “a gas station masquerading as a country”, he was right.


6 posted on 07/23/2014 2:47:57 PM PDT by wideminded
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To: PoloSec

Britain is sitting on 100 to 400 years of natural gas reserves that could be recovered via fraking. However, the stupid Brits are completely brainwashed by the eco-fascists and worship at the global warming altar. They would rather freeze in the dark than upset their new god Gaia.

Seig Gaia!!


7 posted on 07/23/2014 2:52:56 PM PDT by sergeantdave
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To: Marko413

“And yet another reason to drill, drill, drill, and drive oil prices down. You diminish the economies of the middle east and Russia at the same time”

There was a time when America had leaders that understood that. It is how Reagan bankrupted the Soviet Union.

But, in today’s world, we have leadership that is too beholden to the radical left to stay in power, who would NEVER consider doing that.

They would lose too many supporters, with BIG bucks.


8 posted on 07/23/2014 2:54:09 PM PDT by tcrlaf (Q)
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To: PoloSec

Most of the other 22% is weapons.

Russia is industrially challenged and that is Putin’s most pressing problem.


9 posted on 07/23/2014 2:57:17 PM PDT by bert ((K.E.; N.P.; GOPc.;+12 ..... Obama is public enemy #1)
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To: bert
If he starts sending South Korea and Japan fuel they'll build him a state of the art whatever he needs wherever he wants it.

The Koreans will even offer a discount for quantity purchases, too, if that's what it takes to win the deal away from the Japanese. And don't rule out India helping them to solve that challenge, either, they'd even barter for military equipment instead of energy.

The problems of having energy and not much else aren't tough to overcome unless you're a Saudi Prince or Muzzie who figures the people don't matter any more than sheep.

10 posted on 07/23/2014 3:08:50 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
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To: PoloSec

Yeah, and it’s mostly Europe paying the bill. That gas is going to Europe. In other words, Europe is financing Europe’s problems in Ukraine. Put another way, Europe is paying for its biggest security threat. And while all this is going on Europe is closing coal plants, nuclear plants, refusing to frack their shale, and betting the farm on unproven green technologies. Morons.


11 posted on 07/23/2014 3:34:44 PM PDT by Gluteus Maximus
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To: PoloSec

Remember when we spiked their pipeline regulation software and made the trans-Siberian go boom? Good times.


12 posted on 07/23/2014 5:05:50 PM PDT by brothers4thID (Be professional, be courteous, and have a plan to kill everyone in the room.)
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