RusEnergy

RBC, 09.12.2005, Moscow 13:44:37.Russian oil exports dropped 2.6 percent to some 192.7m tons in January to October 2005 against the same period last year, the federal customs service reported. At the same time, oil export revenues surged by 44.39 percent to $64.3171bn. In particular, exports to countries outside the CIS stepped up 1.62 percent to some 176.5m tons, or $59.695bn in the first ten months of this year. Exports to the CIS decreased by 11.87 percent to some 16.2m tons, or $4.6219bn in the period in question. Russia is expected to produce 475m tons of oil this year and to increase its oil output by 2 percent in 2006.