Russia is among the main manufacturers and exporters of energy resources and its economy depends on the fuel export abroad, reported the US Energy Department.
“In 2012 52% of revenues of the Russian budget and 70% of total export fell to oil and gas,” reads the document.
“Last year Russia was the third oil maker (after Saudi Arabia and US) and the second natural gas supplier after the US. Russia occupies the third place among the main makers of atomic power and the fourth place on the capacities in this direction.
According to the Ministry of Energy, “in 2013 Russia’s explored oil resources totaled 80 billion barrels, majority of which is located on the west of Siberia. According to these estimates, in 2012 Russia extracted 10.4 million barrels of oil a day and exported over 7 million barrels.
Russia’s gas resources are estimated at over 47.8 billion cub.m., which is almost one fourth of the world volume. “Majority of these resources are located in Siberia and 40% falls to Medvezhye field in Yamalo-Nenenzk Autonomous District,” reads the report.
76% of the entire export falls to the Western Europe , mainly Germany, Italy, France and UK, reported http://itar-tass.com.--0--
Economics
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The weaknesses of strategic planning in the Azerbaijani land transport sector were revealed during a briefing on improving legislation, which was attended by representatives of the Azerbaijan Land Transport Agency (AYNA) and the Ministry of Digital Development and Transport.
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The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
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The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
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