Revenue from the sale of oil for export in 2015 decreased by 4% compared to the 2014 year and amounted to 137,95 billion. The decrease in profit was due to lower oil prices.
MOSCOW, 14 Mar. Sales of oil “Bashneft” in the domestic market by the end of 2015 has grown on 95,6% to 2,552 million tons, according to the company reporting under IFRS.
The company’s revenue from oil sales in Russia increased 2.06 times to 32,56 billion. “This change is caused by growth of volume of realization of oil price increases on the domestic market, as well as the acquisition of the group “Burneftegaz” and consolidation of LLC “Bashneft-Polyus” in March and may 2014, respectively,” explains the company.
At the same time, revenue from sales of oil for export in 2015 decreased by 4% compared to the 2014 year and amounted to 137,95 billion. The decrease in revenue caused by lower prices on world markets.
Revenue from the sale of petroleum and chemical products in countries outside the Customs Union, the results of last year decreased by 14% compared with the same period of 2014 and amounted to $ 187,196 billion. This change is due to a decrease in the supply of petroleum products by 11.1% due to the reduction of the volume of fuel oil and vacuum gasoil, as well as lower prices.