Date: 2 months ago   Category: Energy

Rosneft intends to reduce a net debt in the II quarter for $2-3 billion — Rambler News Service


Rosneft intends to reduce a net debt in the II quarter 2019 for $2-3 billion, declared during the conference call of the company the first vice president of Rosneft Pavel Fedorov. "I ask to be guided by $2-3 billion decrease in a net debt in the next quarter", - he told. According to Fedorov, Rosneft expects to reduce a net debt due to optimization of the investment program and also at the expense of a cash flow which the company will generate in the specified quarter. At the same time Rosneft does not exclude that capital expenditure in 2019 will exceed the planned level of 1.2 trillion rubles, having increased to 1.3 trillion rubles. Capital expenditure of Rosneft in the first quarter 2019 made 214 billion rubles, having decreased by 4% to an indicator of the first quarter of last year.

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