11.04.2016, 23:38
LUKOIL Oil Production Increased By 3.6%
OREANDA-NEWS. PJSC LUKOIL publishes its first consolidated financial statements prepared in accordance with International Financial Reporting Standards (''IFRS''). Transition to IFRS was made in line with requirements of Federal Law №208-FZ dated 27.07.2010 "On Consolidated Financial Statements". The date of transition to IFRS is 1 January 2014.
EBITDA for 2015 amounted to 769 billion rubles. Profit for the year amounted to 291 billion rubles, profit for the year excluding one-off non-cash items reached 452 billion rubles.
Capital expenditures in 2015 were 607 billion rubles. Free cash flow amounted to 248 billion rubles.
In 2015, LUKOIL Group total hydrocarbon production increased by 2.8 % y-o-y and reached 2.379 million boe per day. Crude oil production* increased by 3.6 % y-o-y to 100.7 million tons. The increase was mainly due to the production from West Qurna-2 project in Iraq.
EBITDA for 2015 amounted to 769 billion rubles. Profit for the year amounted to 291 billion rubles, profit for the year excluding one-off non-cash items reached 452 billion rubles.
Capital expenditures in 2015 were 607 billion rubles. Free cash flow amounted to 248 billion rubles.
In 2015, LUKOIL Group total hydrocarbon production increased by 2.8 % y-o-y and reached 2.379 million boe per day. Crude oil production* increased by 3.6 % y-o-y to 100.7 million tons. The increase was mainly due to the production from West Qurna-2 project in Iraq.
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