Metals and mining, India Oil and Gas
Interview with RFPI chief Kirill Dmitriyev
According to customs statistics, in January-June 2015, foreign trade turnover of Russia made up $270.7 billion and it decreased by 32.6% in comparison with January-June 2014. The trade balance showed a surplus of $95.3 billion, which is by 16.7 billion less than in January-June 2014.
In January-June 2015, the export of Russia amounted to $183.0 billion, decreased by 28.8% as compared with January-June 2014. In January-June 2015, the basis of the Russian export to the non-CIS countries was fuel and energy products, the share of which in the commodity structure of the export to these countries amounted to 68.1% (in January-June 2014 - 75.3%).
In January-June 2015, the cost volume of energy products decreased by 34.5% as compared with January-June 2014, and the physical - increased by 10.3%. Among the energy goods the volume of exports of crude oil increased by 11.5%, electricity - by 25.0%, oil products - by 20.2%, including: kerosene - by 39.3%, diesel fuel - 18.0%, liquid fuels - by 23.5%. At the same time, the export volume of natural gas was reduced by 4.1%, coal - by 1.2%.
India is going to participate in the Kazakh projects for hydrocarbons exploration and production. New-Delhi can join the project either independently or in a consortium. At the 11th session of the Kazakh and India intergovernmental commission for trade and economy, scientific and technical, industrial and cultural cooperation, they offered to the Indian side the block of Abie in the Kazakh sector of the Caspian Sea, within the broadening of cooperation. The sides are going to apply best efforts for discussion of the point. Now the Indian ONGC Videsh and KazMunai Gas