Dubai-based Lukoil Overseas earned “about $1 billion” in 2013, compared with $1.4 billion in 2012 or a drop of about 28%.

Production slid to 65 million barrels of oil equivalent during the 12-month period from 68.4 million boe in 2012.

Revenues “exceeded $3 billion” in 2013 compared to $3.2 billion in 2012, while earnings before interest, taxation, depreciation and amortisation slid from $2.3