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2018-09-03 15:05:00

UNIMPORTANT RUSSIA SANCTIONS

UNIMPORTANT RUSSIA SANCTIONS

FT -  Higher energy prices and a weakened rouble saw second-quarter profits soar at three of Russia’s largest oil and gas groups, underlining a strong earnings season for the country’s energy industry that has weathered international sanctions to reap strong earnings.

Gazprom, the world's largest gas producer, said that second-quarter profits had risen an annual 440 per cent, as both exports to Europe and average prices jumped.

Lukoil, the country's second-largest oil producer, reported…

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Tags: USA, RUSSIA, OIL, GAS, SANCTIONS

Chronicle:

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