Abstracts » Business, international

Ruble moves aid Sibneft's profit flow

Article Abstract:

OAO Sibneft posted a major turnaround during the first-half of 1999. The company posted $63.8 million (59.4 million euros) during the first half. During the same period in 1998, Sibneft posted a $60.3 million loss The company's revenues declined 45% to $621.59 million. Sibneft became the first oil firm in Russia to post major financial gains from the devaluation of the ruble in 1998.

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Russia's oil reserves given higher estimate

Article Abstract:

BP PLC has increased its estimate of oil reserves in Russia. According to BP, oil reserves rose by 23% to 60 billion barrels in 2002. This is compared to 48.6 billion barrels in 2001.

Market information - general, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum & Energy Products, Reports, British Petroleum Company PLC, Statistics, Natural gas, Gas industry, Inventory data

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Sibneft announces net profit more than doubled last year

Article Abstract:

OAO Sibneft said its net profits for the 2000 year more than doubled. The company posted $674.8 million (784.3 million euros) in net profits for the year.

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