Rosneft's net debt (including bank deposits worth $210m intended for paying off its debt) fell by $2.048bn to $19.388bn in the third quarter, the Russian oil company's press office reported today, citing its financial results under US GAAP for the first nine months of the year.
During January-September, net debt dropped by $6.887bn.
Issuer profile: Rosneft petroleum company is a government-owned company and one of the leaders of Russian fuel and energy industry.
Rosneft was founded in compliance with the resolution by the Russian government of 29, September, 1995 #971. Its main targets are prospecting and exploration of hydrocarbon, oil and gas recovery, raw product refinery, sale of oil, gas and oil-refining products in Russia and abroad.
The company controls over 40 subsidiaries in 19 regions of the country: in Western Siberia, Sakhalin, Northern Caucasus and Northern Russia.
