Russian oil giant’s profits soar amid sanctions ...News

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Russian oil giant’s profits soar amid sanctions
source : Russia Today ( News ) () 46
Rosneft’s first-quarter revenue increased beyond analysts’ expectations Net profits at Russia’s largest oil producer, Rosneft, jumped by 45.5% in the first quarter of this year compared to the previous three months, hitting 323 billion rubles ($4 billion) due to a rise in output, the company announced this week. Analysts polled by the Interfax had expected the figure to be far smaller, at $2.9 billion. Oil and gas production in the first quarter increased by 0.8% from October to December, exceeding four million barrels per day, Rosneft reported. Production at the Sakhalin-1 project in Russia’s Far East jumped by 1

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