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Russian Oil Surged More Than Doubled In The Fourth Quarter Of Last Year
Mar 20, 2018

News from Beijing Time on the 19th, Rosneft's financial report released on Monday showed that in the fourth quarter of 2017, profits soared 113% year-on-year, reaching 100 billion rubles (about 1.7 billion US dollars), in line with market expectations.

The company said that revenue in the fourth quarter increased by 14.2% year-on-year to 1.71 trillion rubles, and its average price of oil produced rose by about 19%.


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