Russia reduced oil exports in January – September in terms of value by 25% compared to the same period last year – to $ 52.206 billion, according to the Federal Customs Service (FCS).
In physical terms, for the reporting period, the volume of oil exports amounted to 189.825 million tons, which is 5.5% more than it was in the first nine months of 2015.
Revenues from oil export to non-CIS countries decreased by 24.9% during the reporting period – to $ 48.929 billion. In physical terms the delivery has increased by 7% to 174.374 million tons. Revenues from oil exports to CIS countries decreased by 26% and amounted to $ 3.277 billion. In physical terms, supply fell by 9.5% to 15.451 million tons.
Revenues from the export of oil products in January – September 2016 decreased by 38.5% – to $ 33.213 billion from $ 53.963 billion in January – September 2015. In physical terms, the export of petroleum products decreased by 9.3% – to 118.696 million tons. Revenues from oil exports to non-CIS countries decreased by 38.6% – to $ 31.302 billion. Revenues from exports of oil products to CIS for the period decreased by 36% – to $ 1.912 billion.