Russneft, Oil and Gas
By mid April Russneft has executed its obligations on the reduction of oil extraction in the framework of the agreement of Russia with OPEC and non-OPEC, the company reports.
Russneft fulfilled its obligations to reduce the oil production within the framework of the agreement between the Russian Federation, the OPEC member countries and non-OPEC states, acceded to this
The net profit of Russneft under RAS fell by 41.6% in Q1 2017 against Q1 2016 – to 2.59 bln roubles, the company reports.
PJSC OC "RussNeft" increases capital investments in infrastructure construction by 3.3 times in Q1 2017.Edited by Rhod Mackenzie / 2017-04-21 10:16:48
According to the results of Q1 2017 PJSC OC "RussNeft" mastered capital investments in the amount of 3,315 billion roubles, which is 3.3 times higher than the previous year.
In January-March 2017, Rosneft increased its gas production by 3.4% compared to the same period last year to 11.902 billion cubic meters, the Central Dispatch Department of the Fuel and Energy Sect
In January-March 2017, Rosneft reduced its oil production by 0.5% compared to the same period last year to 46.599 million tons.
Russneft increased its proven gas reserves in 2016 by 1% to 918 mln cubic feet, the company says.
As of the end of 2015 these reserves made up 909.6 bln cubic feet.
Russneft has not planned to acquire the Ukhta refinery of Lukoil, the company reported.
In 2016, Russneft increased its capital expenditures by 39% compared to the previous year to 17.3 billion rubles, the oil company reports.
The net profit of Russneft under IAS made up 14.945 bln roubles in 2016 against a loss of 25.911 bln roubles in 2015, the company reports.