Russia expects reduction of oil export in the coming three years. Finance Ministry reported referring to the data submitted by the Ministry of Economic Development that in 2015 oil export will reduce by 4%, in 2016 – by 6% and in 2017 – by 8% against the level stipulated by the federal budget and the budget strategy till 2017.
Oil products export will increase by 14% in 2015, by 15% in 2016 and by 16% in 2017. The Ministry of Economic Development also expects growth of natural gas export, but average contract price of gas is expected to be $289 per 1000 cub.m. (the price of $316 per 1000 cub.m. was stipulated by the budget).
The Ministry of Economic Development has preserved its forecast of world Urals oil price in 2017 at $100 per barrel, reported RBC.
