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MOSCOW, October 21 (RIA Novosti) - Russian...

"Oil and petrochemical export revenue dropped by 45% in the [first] nine months," Alexei Kudrin said.

He said Russian crude exporters earned $249 billion in the same period of last year.

The country"s benchmark Urals blend averaged at $57.4 per barrel from the start of 2009 through October 15, while it was $106.4 in the same period of 2008, Kudrin said, adding that the federal budget had lost 1.6 trillion rubles ($54.8 bln) in revenues due to the fluctuation.

The Economic Development Ministry forecast that a barrel of Urals would average $54 in 2009. The federal budget for 2009 is based on a price of $41, while next year"s budget envisages $58.




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