Wednesday, June 1, 2011

Fools are lucky

Income from the federal budget of Russia on energy exports to date have exceeded the planned figure for 2009 is 31% and amounted to 1.8 trillion rubles. , Told Deputy Prime Minister Igor Sechin at a meeting with Russian President Dmitry Medvedev on energy issues. "As at 14 December this year, the federal budget on exports of various energy actually received 1.8 trillion rubles. It is 131% of the jobs issued by the federal law on the budget," - said Sechin, summing up the year. Federal revenues from crude oil exports amounted to 1.1 trillion rubles (49% above plan) of gas - 0.378 trillion rubles (9% below plan) of refined petroleum products - 0.349 trillion rubles (42% above plan) said Deputy Prime Minister. Responding to a question by President Dmitry Medvedev, as managed to reach this benchmark, Sechin said that, in particular, revenues from oil exports were higher than plan due to commissioning of new fields, including Vankor, Talakansky and VC. These three strategic fields in Eastern Siberia on the list of 13 fields for which the government in July repealed the duty on oil exports. High revenues from exports of other energy sources, according to Sechin, obtained thanks to the fact that the company is not shifting investments and make decisions in anticipation of investment. " "This allowed to overcome the crisis with minimal impact," - said Deputy Prime Minister. According to him, gas exports from Russia in 2009 will amount to 170 billion cubic meters - about 90% from 2008. Russia in 2009 will produce about 493 million tons of oil - 1% higher than the level of production in 2008, believes Section. "Of course, the introduction of these deposits have played a role, but still the main cause of large additional revenues from the sale of energy - high oil prices," - commented Bank.ru analyst at Aton Vyacheslav Bunko. "Recall that in the 2009 budget laid the figure - $ 41 per barrel. Meanwhile, the average price is now - more than $ 60 per barrel. As a result, the unlikely figure it will be much lower. In recent years, the market we see a reduction in the cost" black gold ", but for our country fall below $ 70 is not critical. Another thing, if oil falls below $ 60, while the budget deficit will rise considerably. But, in my opinion, lowering the price of a resource to 40-50 dollars per barrel, it is unlikely . Oil will cost 60-80 dollars. Such a large corridor due to the fact that the market is very speculative and subject to sharp fluctuations. The main risk to the quotations of oil - strengthen the dollar, "- said the expert.

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