Gazprom had a net loss of $ 3.3 billion in the third quarter
Because of the weak ruble
Monday – 15 Rabi Al Thani 1442 AH – 30 November 2020 AD
Moscow: «Middle East Online»
Russian gas giant Gazprom said today (Monday) that it incurred a loss of 251.3 billion rubles ($ 3.3 billion) in the third quarter, down from a net profit of 211.8 billion rubles in the same three months of 2019, due to a weaker ruble.
The gas producer said its net foreign exchange losses amounted to 464.3 billion rubles in the third quarter, compared to the profit in the same period last year.
The Kremlin-controlled company also recorded a drop in sales in Russia and Europe. The average gas export price decreased in the third quarter to 117.2 dollars per thousand cubic meters from 169.8 dollars in the same period last year.
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