Rosneft reported a net profit of $2 billion (149 billion rubles) for the first quarter of the year, up from a loss of $2.11 billion (156 billion rubles) for the first quarter of 2020, also boasting increased free cash flow and lower debt. Free cash flow, the company said, rose 2.6-fold from the final quarter of 2020 to $2.57 billion (190 billion rubles), and debt fell to $2.9 billion. Upstream operating costs were reduced to a minimum of $2.6 per barrel of oil equivalent, Rosneft also said. ““Rosneft” continued to work on the…
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