Lukoil Quarterly Profit Rises

Published

(Photo: Lukoil)
(Photo: Lukoil)

Russia's second-largest oil producer Lukoil said on Tuesday its third-quarter net income rose 5% quarter on quarter to 190.4 billion roubles ($3 billion) helped by a lower effective income tax rate.

Its sales fell 8.1% from the second quarter to 1.95 trillion roubles reflecting lower oil prices and trade volumes.


($1 = 63.8345 roubles)

(Reporting by Anton Kolodyazhnyy and Vladimir Soldatkin; editing by Jason Neely)

Current News

Senegal to Nationalize Kosmos-Run Yakaar-Teranga Gas Project

Senegal to Nationalize Kosmos-

Chevron Among Top Bidders at Gulf of Mexico Oil and Gas Auction

Chevron Among Top Bidders at G

Thistle Wind Partners Submits Plans for Bowdun Offshore Wind Farm

Thistle Wind Partners Submits

Seatrium Gets Repeat Order from IMI for Arabia 4 Jack-up Rig

Seatrium Gets Repeat Order fro

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine