Revenues
for
2012
increased
13.2%
to
3.07
trillion
($102.75
billion)
which
the
company
put
down
to
increased
sales
volumes
and
higher
prices.
However
earnings
before
interest,
taxes,
depreciation
and
amortisation
(ebitda)
declined
8%
over
the
12-month
period,
which
Rosneft
put
down
to
higher
mineral
extraction
tax
liabilities
and
greater
exploration
expenses.
Rosneft
boss
Igor
Sechin
said
the
year
had
seen
the
company
achieve
both
strategic
successes
and
operational
efficiencies.
Sechin
said
Rosneft
was
now
“the
undisputed
global
oil
production
leader”
as
a
result
of
its
massive
TNK-BP
acquisition
from
BP
and
AAR
in
October.
He
added
that
the
Russian
explorer…
