Russia's oil export in January-April 1999 grew by 6.3 % on 1998

Jun 18, 1999 02:00 AM

The oil export from Russia in January-April of 1999 grew by 6.3 % as compared with the same period of 1998 -- to 45.9 mm tons, including 38.6 mm tons delivered to former European socialist countries, Prime-Tass reported referring to data from the State Customs Committee of the Russian Federation and the Russian agency for statistics.
It is noted that export of crude oil at this period of 1999 yielded $ 2.1 bn which is 17 % less than at the first quarter of 1998.
The average contractual price for Russian oil in January- April of 1999 as compared with the same period of 1998 lowered by $ 19 -- from $ 86.9 to $ 67.9.
The share of crude oil in the total cost of Russia's export in January-April of 1999 was 14.4 % against 15.5 % at the same period of 1998, Prime-Tass reported.

Source: Itar-Tass via Newspage
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