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Russia’s oil export price goes up by more than 2% to near $759 per tonne in Dec 2011

According to the statistics, in 2011, oil export incomes of Russia’s organisations reached 150,251.3 million U.S. dollars

MOSCOW, February 20 (Itar-Tass) —— An average effective price for the export of Russia’s oil amounted to 758.6 U.S. dollars per tonne in December 2011, which was 2.4 percent more than in the same period of 2010, the Federal State Statistics Service said in its regular report on Monday.

In December 2011, the country’s oil export price decreased by 0.7 percent as compared to November, the statistics said, adding that the price of the Urals oil blend amounted to 785.2 U.S. dollars per tonne on the international market.

According to the statistics, in 2011, oil export incomes of Russia’s organisations reached 150,251.3 million U.S. dollars, including 131,357.2 million U.S. dollars to current accounts denominated in foreign currencies. The indicator went up by 26.4 percent, as against 2010, the reports underlined, explaining that the latter fact is linked with the hike of oil export prices, which occurred over the year.

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