Print Net profit of “Lukoil” in the I quarter of 2016 in accordance with IFRS fell to 42.8 billion rubles. to 104 billion rubles. for I quarter a year earlier, according to a company press release. Revenues decreased by 18.2% to 1.2 trillion rubles.
EBITDA fell by a third to 145.5 billion rubles.
The capital costs for the I quarter 2016 amounted to 123 billion rubles, free cash flow -. 36 billion rubles
Net debt decreased by 2.2% to 589 billion rubles <.. / p>
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hydrocarbon group “LUKOIL” (including share in production by affiliates) in I quarter of 2016 increased by 0.5% with respect to the I quarter of 2015 and reached 214.2 million barrels. n. e.
Oil and liquids production was 183 million barrels., down by 0,2%.
Organically (excluding the effect from the sale of assets in Kazakhstan in 2015), oil production increased by 0 6%. Reduced production at mature fields in Western Siberia was more than offset by increased production in Iraq, on projects in Timan-Pechora, the Northern Caspian and Urals in Russia.
In the past year, “Lukoil” has extracted 100.7 million tons of oil (+ 3.6%). Production growth is mainly due to the development of the field, “West Qurna-2″ in Iraq.
The vice-president of “Lukoil” Leonid Fedun earlier this year said that in 2016 the company intends to maintain oil production at 100 million tons.
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