Saturday 12 July 2014

Lukoil net income soars to $2.1bn

Russia's No 2 oil producer, Lukoil, posted a doubling in second-quarter net income yesterday, just missing forecasts as a weaker rouble and higher-than-expected taxes dampened a rise in sales and the impact of an acquisition.


Russian plane crash kills 31, 12 survive

A Russian passenger plane crashed and burst into flames after takeoff in an oil-producing region of Siberia on Monday, killing at least 31 of the 43 people on board, emergency officials said. Thirteen survivors were pulled from the wrecka

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