Friday, February 5, 2016

Medvedev said the fall of revenues from the sale of oil and gas up to 45% – RBC

Prime Minister of Russia Dmitry Medvedev said that in recent years the country’s income from oil and gas sales decreased from 70 to 45%. The Head of Government said at the meeting with the candidates to the Supreme and the General Council of “United Russia”, reports “Interfax».

«We have recently income from hydrocarbons accounted for approximately 70% of state budget revenues, that is, we specifically sitting in this needle. Then he was somewhere 55% now – 45%, “- said Medvedev

He said that such a situation is connected with the low oil prices.. The Prime Minister added that more than half of revenues come not from the sale of oil

«So, we are able to without this feed themselves, before the fed, when oil was not at all our export product”, -. Summed up Prime.

Earlier, analysts surveyed by Bloomberg predicted a rise in oil prices by 50% by end of 2016. In the fourth quarter of Brent cost may reach $ 48 per barrel. Analysts attribute this trend with a statement of the US Department of Energy to reduce the production of shale oil by 7% by the end of the year.

At the end of January, the cost of Brent dropped to $ 27.1 per barrel. However, according to the results of trades on February 3 price of Brent crude oil exceeded $ 35 per barrel, having jumped by 7%. As of 19:40 MSK on February 5 the price of Brent crude is trading at around $ 34,3.

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