Russian oil giant reports almost 50% profit surge ...News

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Russian oil giant reports almost 50% profit surge
Rosneft’s revenue in 2023 rose beyond analysts’ expectations Net profits at Rosneft, Russia’s largest oil producer, jumped by 47.2% last year, hitting 1.3 trillion rubles ($14 billion) despite sweeping Western sanctions on Russian oil, the company announced on Monday.   Crude oil and gas condensate production reached 193.6 million tons in 2023, Rosneft said, adding that it was working to build up its gas production capacity in the face of oil restrictions.   Analysts polled by Interfax had expected the company’s earnings to be smaller at $13.5 billion.    Total hydrocarbon output last year amounted to 269.8 millio

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