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[5] [6] Russia relies on energy revenues to drive most of its growth. Russia has an abundance of petroleum , natural gas and precious metals , which make up a major share of Russia's exports. As of 2012 [update] the oil-and-gas sector accounted for 16% of the GDP , 52% of federal budget revenues and over 70% of total exports.
On 23 November 2000, the government approved the main provisions of the Russian energy strategy to 2020. On 28 May 2002, the Russian Ministry of Energy gave an elaboration on the main provisions. Based on these documents, the new Russian energy strategy up to 2020 was approved on 23 May 2003 and confirmed by the government on 28 August 2003.
The list of strategic organizations of Russia was developed by the Government Commission on Sustainable Development of the Russian economy in December 2008. [1] Listed organizations are regarded as priority objects of government support in the event of a crisis. The list is not exhaustive and may be adjusted by Commission Decision.
Russia electricity production by year Unified Energy System of Russia. Russia is the fourth largest generator and consumer of electricity in the world. Its 440 power stations have a combined installed generation capacity of 220 GW. [1] Russia has a single synchronous electrical grid encompassing much of the country. The Russian electric grid ...
The United States and United Kingdom unveiled what they say are the harshest sanctions targeted at Russia’s energy sector since Moscow’s troops began a nearly three-year-old war on Ukraine in ...
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Nord Stream AG (51%) - joint project company with E.ON, BASF and Gasunie for the contraction and operation of the Nord Stream 1 pipeline RosUkrEnergo AG (50%) - gas trading in Ukraine Shtokman Development AG (51%) - joint project company with Total S.A. (25%) and Statoil (24%) to develop Shtokman gas field first phase [ 10 ]
The PJSC Lukoil Oil Company (Russian: Лукойл, romanized: Lukoyl, IPA: [ˈluːkɔɪl] stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petroleum products, and electricity.