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The share of oil and gas revenues in the 2024 budget is growing beyond the planned levels.
Comment for "Vedomosti" on the increase in budget revenues from oil and gas.
In 2024, the share of oil and gas revenues in Russia's budget is growing faster than anticipated. What is driving this increase, how will it impact the economy, and will the country be able to handle potential risks? Read more about this in our ...
Where does Gazprom invest?
... network and LNG infrastructure. The impact on the Russian economy, investment opportunities for shareholders, prospects in Europe and Asia, as well as Gazprom's efforts in environmental technologies and digitalization are considered.
1. Gazprom
Sector: Oil and Gas
Investments in 2023: RUB 2,519.1 billion
Investments in 2022: RUB 2,294.5 billion
Gazprom's main assets
1. Gas fields
Gazprom has the world's largest natural gas reserves, accounting for over 70% of Russian and about 16% of global gas production. ...
An expert assessed the impact of increased gas supplies to Europe on the growth of industry revenue
... Russia's natural gas production in the first seven months of 2024 increased by 10.6%, reaching 334 billion cubic meters, added the CEO of OPEN OIL MARKET.
"The increase in revenue from the gas sector has become one of the reasons for the growth in oil and gas budget revenues, which rose by 56% in the first eight months of 2024—from 4.84 trillion to 7.56 trillion rubles. It is likely that the growth in MET and export duty revenues on gas will continue in the coming months, as gas transit through the Sudzha ...
FEC News – Sunday, August 3, 2025: Brent around $73; Asia Becomes Main Market for Russian Oil Exports
On August 3, 2025, the energy market is undergoing new changes related to oil and gas prices. Amid global economic uncertainty, the price of Brent oil has reached $73 per barrel. Increased attention to the Asian market is prompting experts to rethink the structure of oil exports from Russia. In this article, we will take a detailed ...
Why do Turkey and Russia need their own gas hub
He shared his opinion on the creation of a new gas trading hub in Turkey with the readers of the newspaper "Vzglyad."
Turkey and Russia continue to strengthen their energy cooperation, discussing the creation of a joint gas hub. This project could shift ... ... relates to the development of the Sakarya field in the Turkish part of the Black Sea,” says Sergey Tereshkin, CEO of Open Oil Market.
The reserves of Sakarya are estimated to be at least 540 billion cubic meters of gas. Current gas production at ...