The profit of Russia’s oil pipeline monopoly Transneft increased by 13% to 57 billion rubles ($822 million) in the first quarter of 2020, compared to the same period of 2019, the company said on Thursday.
Transneft’s revenues between January and March this year increased by 1.3% to 263.3 billion rubles compared to the same period last year.
The company said that the volume of crude oil transportation grew by 1.1 million tonnes, or 0.9%, to total 120.2 million tonnes in the first quarter of 2020.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr