The net profit of the Sibneft company decreased to $457.5m in the first six months of 2002 from $615.8m derived in the first six months of 2001, the company's Press Service reported. The EBITDA amounted to $786.1m (compared to $870.5m in the corresponding period of 2001). The revenues increased by 19% to $1.98bn over the reporting period.
The reduction in the profit amid a rise in revenues is due to an increase in the taxes on mineral resources production, depreciation costs and export duties. Sibneft's EBITDA per ton of produced oil exceeds those of the main companies in the Russian oil sector.
Putin's official spokesman Dmitry Peskov commented on remarks in the US media about failures in launching nuclear-capable missiles in Russia
More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War