NOVATEK: + 52%
OAO NOVATEK released its consolidated interim condensed financial information as of and for the three and six months ended 30 June 2014 prepared in accordance with International Financial Reporting Standards ("IFRS").
In the second quarter and first half 2014, our total revenues increased by 52.3% and 27.7%, respectively, compared to the corresponding periods of 2013. The growth was mainly due to an increase in average prices for natural gas and liquid hydrocarbons, as well as higher liquid hydrocarbons sales volumes. Average liquid hydrocarbon sales price was positively impacted by the launch of the Ust-Luga Gas Condensate Fractionation Complex in June 2013. Growth in the…
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