Russneft, Russia Oil and Gas
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.
Russneft reduced its net profit under RAS by 5.4 times to 13.844 bln roubles in 2016, the company reports.
On the results of January-February 2017 Russneft spent 1.64 bln roubles of capital investment into the construction of infrastructure at the deposits, that is by 3.3 times higher than in January-Fe
Russneft engages significant reserves of non-traditional oil of Bazhenov Suite into industrial developmentEdited by Rhod Mackenzie / 2017-03-09 03:52:14
Russneft has started a pilot project of construction of wells at the Mid-Shapshinsky deposit at the bed referred to the Bazhenov Suite.