In 2013 gas production in Russia could total 620 billion cub.m., while export – approximately 200 billion cub.m, Russian President Vladimir Putin said at the press conference.
He also added that this is just a preliminary evaluation.
Putin also added that the main volume of extracted gas is consumed inside the country. “A rather low level of fees” is maintained at the local market – it is so low that even the European Union lays claims to Russia.
According to the Russian Ministry of Energy, in 2013 gas production in the country decreased by 2.2% to 655 billion cub.m.. In 2012 gas export from Russia decreased by 8.7% to 186.1 billion cub.m., reported http://oilru.com.--0--
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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