MOSCOW, May 4 (RIA Novosti) - Russia's
state-controlled oil producer Rosneft announced on Monday a net
loss under Russian Accounting Standards of 5.77 billion rubles
($175 million) in January-March 2009.
In January-March 2008, Rosneft posted a net profit of 65
Rosneft, which became Russia's largest crude producer
after acquiring most of the assets of bankrupt oil firm Yukos
through liquidation auctions in 2007, said its first-quarter
loss had declined more than 90% compared with the fourth
quarter of 2008, when the company posted a 65 billion-ruble
Rosneft earlier reported that its net profit calculated to
Russian Accounting Standards declined 12.8%, year-on-year, in
2008 to 141.31 billion rubles ($4.2 billion).
Crude production grew 9%, year-on-year, in 2008 to more
than 110.1 million metric tons (807 million barrels) of oil.
The company expects to produce 112.3 million metric tons (823
million barrels) of oil in 2009.