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Russian oil and gas

Overview Russia is the world’s largest producer of crude oil and second largest producer of natural gas. Economic growth is driven by energy exports. Oil and gas revenues accounted for 50% of Russia’s federal budget revenues and 68% of exports ...

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Russian oil and gas production remains at post-Soviet high in April

Energy Ministry data showed that Russian oil and gas condensate production, among the world’s largest, remained at a post-Soviet record level of 10.71 million barrels per day in April, underpinned by a recent recovery in oil prices. Global oil prices ...

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