Russian Oil and Gas Revenues Set for 22% Plunge in April ...Middle East

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Russian Oil and Gas Revenues Set for 22% Plunge in April
source : OILPRICE ( Middle East ) () 27
Russia is expected to see its oil and gas revenues for April slump by 22% from a year ago, amid lower oil prices and a stronger local currency, according to Reuters calculations. Russia’s revenues from hydrocarbons are set to be about $11.6 billion (960 billion Russian rubles) in April, also due to lower profit-based taxes compared to the previous month, per the estimates by Reuters published on Thursday. Official data from Russia’s finance ministry is expected on May 7. In March, Russian revenues from oil and gas plunged by 17% from…

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