Rosneft Posts 50% Growth of EBITDA and Generates USD 3.3 bln of Free Cash Flow
In Q1 2011, Rosneft’s revenues increased by 36.3% year-on-year, to USD 20,123 mln. The increase was due to higher crude oil and petroleum product prices as well as due to the growth in sales volumes by 4.9%. Rosneft’s EBITDA amounted to USD 6,653 mln in Q1 2011, which is 1.5 …