Source Pravda.Ru

Forecasted average annual price on Russian oil increased to 26 dollars per barrel

The Russian Federation's economic development and trade ministry has increased the forecasted average annual oil price of the Urals brand from 25 to 26 dollars per barrel this year.

Speaking in Moscow Wednesday, Ivan Matyorov, deputy economic development and trade minister, recalled that the oil price written into the 2003 budget was 21.5 dollars a barrel.

According to the ministry's forecast, in 2004 Russian oil will be priced at 22 dollars, in 2005 - 22.5 dollars, and in 2006 - at 23 dollars per barrel.

Mr. Matyorov also said that the price of 1000 cubic metres of gas would equal 97.4 dollars in 2004. At the same time, it is expected to drop to 94.4 dollars in 2005 and rise again to 97.9 dollars in 2006.

Comments
Russian poultry stuffed with antibiotics and dangerous bacteria
Keys to understanding the world from Feminism - Science and Feminism
Sheep disrupt the work of US missile defences in Romania
The Large Families that rule the world
Russians name their biggest sexual taboos
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Ukraine suspicious about Russia's intention to give away rusty ships to Kiev
Keys to understanding the world from Feminism - Science and Feminism
You're invited to death penalty: Barbaric traditions of world's most progressive states
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Russian poultry stuffed with antibiotics and dangerous bacteria
Americans declassify plans to drop 466 nuclear bombs on USSR
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Russia's and China's gold may end global domination of US dollar
Unveiled: Secret Pentagon UFO program. From science fiction to science fact
Russian poultry stuffed with antibiotics and dangerous bacteria
Russia eyes opportunity to restore all Soviet bases that had to be abandoned after 1991
Call girl dies of asphyxia in bizarre sexual encounter
Call girl dies of asphyxia in bizarre sexual encounter
Call girl dies of asphyxia in bizarre sexual encounter