The Russian energy major says it lost $1.6 billion after Berlin took control of its refineries Russia's biggest oil company Rosneft has reported a slump in revenue during the first nine months of the year, attributing it to the loss of its Germany-based refineries. According to the company’s statement, net income in January to September totaled 591 billion rubles ($9.4 billion) and was 15% down from the record $11 billion reported by the oil firm in the same period of last year. Rosneft also said it saw “additional loss of 56 billion rubles ($890 million),” explaining that “the transfer of assets also resulted in
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