Russia’s revenues from oil and gas increased in 2022

Russian Deputy Prime Minister Alexander Novak said today, Monday; Russia’s revenues from crude oil and natural gas increased by about 28% in 2022, in addition to an increase in oil exports by 7% and oil production by 2%.

Also, Novak mentioned that Russia’s production and exports of liquefied natural gas increased by 8%, while gas exports for a pipeline that we produce decreased Sanctions and restrictions imposed on gas pipelines Nord Stream 1 and Nord Stream 2, Novak said at a government meeting.

In addition, Russian Deputy Prime Minister Alexander Novak stated that Russia’s coal production rose by 0.3%, corresponding to the highest level ever since 2020.

Ultimately, Novak said that the energy sector has shown stable operation and is resistant to external challenges in 2022, while ensuring Russia’s energy security and contributing significantly to the country’s budget.