Income from the 2024 oil and gas exports is expected to only be second to that of the unprecedented 2022 Russia’s energy revenues may reach record levels this year, buoyed by high export oil prices, according to independent economic think tank the Institute for Energy and Finance Foundation (FIEF). Oil and gas profits have increased sharply this year, FIEF Director of Research Aleksey Belogoriev told the Far Eastern Energy Forum “Oil and Gas of Sakhalin” on Friday. Income from oil exports jumped by 63% in January-July this year compared to the same period in 2023, totaling 6.4 trillion rubles ($67.5 billion), the
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