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
billion rubles.
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
loss.
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.
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