RUSSIAN OIL BUSINESS WILL BEAR LOSSES

A&G Information Services,  November, 2005  

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A&G Information Services 11-14-2005 RUSSIAN OIL BUSINESS WILL BEAR LOSSES ST.PETERSBURG, RUSSIA, Nov 14, 2005 (A&G News via COMTEX) -- The United Financial Group (UFG) forecasts a sharp drop in Russian oil industry's profitability - more than by a third - in the nearest 12 months.

As far as it is informed in the UFG's report, in 2006 the total EBITDA of Russian oil companies can fall by a third - to $38 billion from $58 billion in 2005. According to the ...

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