Gazprom Neft Sees 2009 Profits Slide Despite 4Q Improvement

摘要

Russia's fifth largest producer, Gazprom Neft, remains optimistic over future development in both the upstream and downstream sectors despite lower profits last year. Gazprom Neft saw net profits slide 35% in 2009 from a year earlier due to the lower pricing environment, but its fourth-quarter results showed a marked year-on-year improvement thanks to the consolidation of two key acquisitions.