“The Russian oil and gas sector demonstrated significant revenue growth in the first half of 2024, increasing the figure by 34.2% compared to the same period last year. This is reported by Lenta.ru with reference to data from FinExpertiza analysts.
Total revenue reached 38.3 trillion rubles. Non-resource companies also showed positive dynamics, increasing revenue by 19.5% to 98.7 trillion rubles. As a result, the total turnover of enterprises increased by 23.3%.
The share of the oil and gas sector in the total revenue of Russian enterprises increased to 28%. This is a significant change compared to 2023, when the share of oil and gas decreased from 30% to 26%. At that time, the revenue of oil and gas companies fell by 3.3%, which was explained by a decrease in hydrocarbon prices and a decrease in raw material exports, analysts noted.
It is noteworthy that in 2023, the non-resource sector showed higher growth rates. The revenue of large and medium-sized enterprises in this sector grew by 16.4%, while the total income of Russian businesses increased by 10.5%. This dynamic was due to budgetary stimulation of the non-resource sector, especially in the manufacturing industry and metallurgy.
The day before, it became known that Turkey had halved its import of Russian oil due to the planned repair of the largest oil refinery STAR. The volume of purchases fell from 400-450 thousand barrels per day to less than 200 thousand. Despite this, the countries continue to strengthen economic relations, seeking to increase trade turnover to $100 billion.