Pubblicato in: Banche Centrali, Economia e Produzione Industriale, Geopolitica Europea, Materie Prime, Russia, Senza categoria

Russia. Esportazioni energetiche a 338 miliardi di dollari nel 2022. +52% yoy.

Giuseppe Sandro Mela.

2022-09-14.

Kremlin 001

«Russia forecasts energy export revenues to rise this year by nearly $100 billion as higher commodity prices offset a decrease in volumes, Reuters reports, citing government documents.

Russia’s Economy Ministry now expects energy export revenue to reach $338 billion in 2022, up more than a third from $244 billion last year.» [RadioFreeEurope]

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I ricavi delle esportazioni energetiche raggiungeranno i 338 miliardi di dollari nel 2022. Cina e India hanno acquistato altri 9 miliardi di dollari di greggio russo nel secondo trimestre, vanificando il tentativo dell’Occidente di comprimere le finanze di Mosca. Nello stesso periodo, Cina e India hanno importato 11 milioni di tonnellate in più. L’India, in particolare, ha registrato un’enorme impennata dei volumi, con consegne di greggio russo passate da 0,66 milioni di tonnellate a 8,42 milioni di tonnellate.

 Per esempio, Tatneft, un produttore di petrolio russo, ha visto i profitti balzare del 52% rispetto all’anno precedente per la prima metà del 2022, riporta il FT. E il mese scorso la Russia ha esportato più petrolio rispetto a qualsiasi altro agosto registrato.

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«Energy export revenue to reach $338 billion in 2022. China and India bought $9 billion worth of additional Russian crude in the 2nd quarter, undercutting the West’s attempt to squeeze Moscow’s finances. China and India together imported 11 million additional tonnes during that span. India in particular has seen a huge uptick in volume, with deliveries of Russian crude going from 0.66 million tonnes to 8.42 million tonnes»

« For example, Tatneft, a Russian oil producer, saw profits jump 52% year-over-year for the first half of 2022, the FT reports. And last month, Russia exported more oil compared to any previous August on record»

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China and India bought $9 billion worth of additional Russian crude in the 2nd quarter, undercutting the West’s attempt to squeeze Moscow’s finances

– The two nations bought $9 billion in additional Russian crude in the second quarter compared to the first quarter, a Financial Times report says.

– China and India together imported 11 million additional tonnes during that span.

China and India customs data reveal that the countries ramped up purchases of Russian oil by $9 billion in the second quarter compared to the first quarter, according to a Financial Times report.

Between the two Asian nations, Russian oil imports jumped by 11 million tonnes in the second quarter.

India in particular has seen a huge uptick in volume, with deliveries of Russian crude going from 0.66 million tonnes to 8.42 million tonnes, per the FT.

Since Vladimir Putin ordered the invasion of Ukraine in February, the US and its allies have imposed sanctions on Russia. And while not all countries have directly banned Russian oil, many companies have shunned it in so-called self-sanctioning.

However, Chinese and Indian buyers have largely mitigated the effects, as the world’s two most populous countries have continued to snap up crude that has traded at a discount relative to benchmark rates.

Russian oil income remains higher than it was last year because global prices have stayed above $100 for most of 2022.

For example, Tatneft, a Russian oil producer, saw profits jump 52% year-over-year for the first half of 2022, the FT reports. And last month, Russia exported more oil compared to any previous August on record, according to the Institute of International Finance.

The emergence of India and China as top importers of Russian crude has made their participation in the G7’s cap on the price of Russian barrels especially important. Leaders aim to have the plan in place by December 5, when Europe’s ban on seaborne Russian oil imports begins.

India is in talks to join the effort, but Putin seemed unconcerned about energy exports moving forward.

“As far as our resources are concerned, you know, the demand is so great on the world markets that we have no problem selling them,” he said at an economic forum on Wednesday.

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Russian oil and gas revenues grow by 50 percent – Prime Minister Mishustin

Russian Prime Minister Mikhail Mishustin said that the level of oil and gas revenues of the Russian budget increased by almost 50 percent after the introduction of Western sanctions, RIA Novosti reports.

Nevertheless, the amount of additional oil and gas revenues, calculated as the difference between actual and basic income levels, amounted to 85.9 billion rubles in August, having thus fallen short of expectations of the Russian Finance Ministry. In early August, the ministry predicted an additional income at about 359.5 billion rubles. The actual amount of excess over the baseline was 273.6 billion rubles lower.

The G7 countries implemented a price cap on Russian oil imports. Russian oil prices are to be capped starting from December 5 (prices on Russian oil products — from February 5, 2023). Prior to the G7 announcement, Russian Deputy Prime Minister Alexander Novak and presidential spokesman Dmitry Peskov said Russia would not cooperate with the countries that limit prices on Russian oil.

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