Russian Ministry of Finance

Russia freezes gas production

Russia does not plan to increase gas production in 2018, freezing it at the level of 2017, Russian Minister of Energy Alexander Novak said, adding that everything will depend on the weather conditions. "As for …

Urals average price rises 25.3%

  Average price of Russia’s Urals oil rises 25.3% to $65.22 per barrel in January-March, 2018 compared to the same period last year, the country's finance ministry said. In January-March, 2017, the …

Urals oil price increases by 27.3% this year

The average price of Urals oil in January-November 2017 was $52.17 per barrel, the website of the Russian Finance Ministry said. In 2016 the average price of Urals oil was $41.02 per barrel. Accordingly, in annual terms, …