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10/04/2014
10:36
NOVATEK reduced gas output.

In IQ 2014 NOVATEK reduced gas output 2.4% to 15.71bn m3, the company informed.

The liquid hydrocarbons production moved up 15.6% to 1.37mln ton.

The cut-down in the extraction is explained by the removal from Sibneftegaz share capital 2013 end. But for this factor the output increased 7.1%. At Ust-Luga complex launched in operation in June 2013 1.005mln ton of gas condensate were refined.

NOVATEK (TIN 6316031581) is ranked as the second producer of natural gas in Russia after Gazprom. The fields are located in Yamalo-Nenetsky reg.

The stocks are under trading on LSE. It managed to increase the proved reserves (SEC) by 38.1% to 6.853bn barrels.

In 2013 net profit (RAS) rose 15% to 72.3bn rub.; revenues - 44% to 245.1bn rub. from 169.9bn rub.; profit from sales - 63.1bn rub. from 60.04bn rub.

The 2013 net profit (IAS) climbed up 14.8% to 79.8bn rub. from 69.5bn rub.


"AK&M", 10.04.2014

 

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