Finance

Russian regional oil producer posts revenue rise but costs dent bottom line

However, outlook remains grim as hope for growth based on bringing online more unconventional heavy viscous oil deposits

Expensive growth: a development well into unconventional heavy viscous oil reservoir at the Ashalchinskoye field in Tatarstan, Russia, that is operated by regional producer Tatneft
Expensive growth: a development well into unconventional heavy viscous oil reservoir at the Ashalchinskoye field in Tatarstan, Russia, that is operated by regional producer TatneftPhoto: TATARSTAN.RU
  • Vladimir Afanasiev
Moscow
TatneftNail MaganovTatarstanRussiaOil price
Published 31 March 2020, 14:12Updated 31 March 2020, 14:12