Russia supplied friendly countries with 86% of oil and 84% of petroleum products in 2023 - Novak

MOSCOW. Feb 20 (Interfax) - After the introduction of sanctions, Russia reoriented the export of its oil and petroleum products to new markets, Russian Deputy Prime Minister Alexander Novak said during the Russia Forum.

The slides he presented said friendly countries accounted for 86% of oil exports in 2023, up from 40% in 2021. They also accounted for 84% of petroleum product exports, up from 30% in 2021.

Earlier, Novak reported that oil exports from Russia in 2023 totaled 234.3 million tonnes, which is 3.3% less than the year before. Oil and gas condensate production last year totaled 530.6 million tonnes, which is 0.9% less than in 2022.

Oil refining in 2023 totaled 275 million tonnes.