Russian Budget Gets Unexpected $3.7 Billion From Mid-Summer Energy Sales
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Oil and gas revenues of the federal budget of Russia in July this year increased by 18.6% compared to last year and by 36.6% - compared to June this year.
Russian Budget Gets Unexpected $3.7 Billion From Mid-Summer Energy Sales
Russia's federal budget recorded its highest monthly oil and gas revenue of the year in July, with proceeds reaching 934 billion rubles (approximately $11.9 billion), the Finance Ministry reported. The figure exceeded the ministry's own forecast by 291.9 billion rubles (approximately $3.7 billion) and marks a 36.6% increase from June and an 18.6% rise compared with July 2023. The surge is driven largely by the quarterly payment cycle for the tax…
Oil and gas revenues in July amounted to 934 billion roubles, almost 147 billion more than in July last year and 250.4 billion more than in June.
The average output of oil processing in July in Russia was 3.6 million barrels per day, which is the lowest level in almost 25 years – since May 2002, Bloomberg claims with reference to the findings of EA Analytics. Production continued to decline – at the beginning of July, the same company reported an average productivity of 3.91 million barrels per day for Russian NHP. That was the lowest in 20 years, transmitting Radio Liberty.
In July 2026, Russia's average oil processing capacity was 3.6 million barrels per day, a minimum level since May 2002, written by Bloomberg with reference to the findings of EA Analytics.
"Helped" is a record sequence of U.S.A. strikes on the NHP.
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