RussNeft: The Economic Effect of Innovations has Exceeded 259 Million Rubles
PJSC “RussNeft” assessed the economic effect of the program for optimization of production processes in 2019 in the amount of 259 million rubles. The figures of economic efficiency from the implementation of scientific and technical ideas are growing from year to year: the effect amounted to 165 million rubles in 2017 …
RussNeft Has Fulfilled Its Obligations to Reduce Oil Production
By the middle of May, PJSC “RussNeft” fulfilled its obligations to reduce oil production within the frames of the agreement between the Russian Federation, OPEC member-states and non-OPEC countries, which acceded to this agreement. The operational plan of production reduction provided for changes in its structure and shutdown of wells …
RussNeft: Production in January 2020 Amounted to 600 Thousand Tonnes of Oil
According to operational data, PJSC “RussNeft”, a part of SAFMAR Group, produced 600.182 thousand tonnes of oil in January 2020 (608 thousand tonnes in January 2019). Oil production by enterprises in the reporting period: Western Siberian Group – 458.841 thousand tonnes; Central Siberian Group – 33.268 thousand tonnes; Volga Group …
RussNeft Produces 7.1 Million Tonnes of Oil and 2.462 Billion Cubic Meters of Gas in 2019
According to preliminary data, PJSC “RussNeft” produced 7.118 million tonnes of oil and about 2.462 billion cubic meters of gas in 2019. In the reporting year, 148 new oil wells were put into operation in the Company’s fields (139 entities in 2018) adding 1,251 million tonnes of production (970 thousand …
A 15 mln tons Increment to RussNeft Reserves
Increment of PJSC “RussNeft” included into SAFMAR Group, reached 15 mln tons of oil in 2019. In the reporting year the major scope of geological and exploration works was performed in Khanty-Mansi Autonomous Region. The increment of reserves was the result of implementation of the geological and exploration program with …
RussNeft Produces 7.1 Million Tonnes of Oil and 2.462 Billion Cubic Meters of Gas in 2019
According to preliminary data, PJSC “RussNeft” produced 7.118 million tonnes of oil and about 2.462 billion cubic meters of gas in 2019. In the reporting year, 148 new oil wells were put into operation in the Company’s fields (139 entities in 2018) adding 1,251 million tonnes of production (970 thousand …
RussNeft Board of Directors approved the Company’s Business Plan for 2020
The Board of Directors of PJSC “RussNeft” approved the Company’s Business Plan for 2020. The target level of production in the Business Plan is 7.035 million tons (excluding oil production in Azerbaijan). The Board of Directors of RussNeft approved the target indicators of the Company’s production program for the next …
RussNeft Net Profit Under RAS up by 1.3% to RUB 7.97 BLN in H1
RAS net profit of RussNeft for H1 2019 grew by 1.3% year-on-year and amounted to RUB 7. 971 bln, the company reports. Revenue for January-June surged by 21.5% to RUB 102.553 bln. Gross profit rose by 4.2%, having made RUB 22.093 bln. Sales profit was RUB 15.082 bln, up 6.6%. …
RussNeft Q1 2019 Net Profit (RAS) Goes Up 1.5-Fold to RUB4.4 Billion
The revenue grew by 17% to RUB44.8 billion. Cost of sales increased by 13% to RUB34 billion while gross profit rose by 30% to RUB10.7 billion. Sales profit showed a 1.6-fold increase to RUB7.7 billion, pre-tax profit demonstrated a RUB5.8 billion increase. Accounts receivable at the end of the quarter was …
RussNeft: Shareholders Profit Grew by 85%
The profit attributable to the shareholders grew by 85% and made up 15 bn Rub. The revenue of the Company for the reporting period increased by 38%, up to 177.8 bn Rub., EBITDA grew by 62%, to 48.6 bn Rub. The company reports its revenue increase was mainly driven by …