Performance of “Rosneft” for the second quarter in oil and gas production and oil refining was under “significant pressure” and this resulted in the deterioration of financial performance, said the head of the company Igor Sechin. However, he expects improvement in the recovery of oil prices. “Rosneft” has informed that the company’s net profit in the second quarter amounted to 43 billion rubles compared to net loss of 156 billion in the first quarter. In the first half of the year, the company received a net loss of 113 billion rubles a year earlier, she was a profit of $ 325 billion. Revenue fell to 1.04 trillion RUB from 1.77 trillion rubles in the previous quarter. “The reporting period was characterized by unprecedented pressure from the external macroeconomic environment, including a sharp decline in prices as a result of falling demand amid the pandemic COVID-19 and a decline in production due to the beginning of the implementation of the new agreement, OPEC+”— quoted Mr. Sechin, the press service of the company. The head of “Rosneft” noted that against the background of recovery in oil prices the company’s financial performance in the second quarter began to improve. “This gives us a reason to confidently look ahead and expect improved financial performance in the coming periods,”— said Igor Sechin. Indicators of the first quarter, read the material Kommersant”, “Rosneft” has extracted loss”.
