Friday, May 27, 2011

Lukoil the Russia posts 71 pct rise in favour of T1

Moscow - the second largest producer oil.

The Moscow-based firm said in a statement Thursday that its profit for the period January-March was up to $ 2 billion last year.

Lukoil, the largest oil private Russian company, said its turnover increased by 29.6 billion of $ 23.9 billion in that time.

The price for raw mix export of Russia reference, Ural, increased by more than 30% during this period year on year, analysts estimate.

Oil prices greatly contributed to offset the numbers in the production of crude oil, Lukoil, said, decreased by 5% a year, to 22.8 million tonnes.

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