Gazprom sees huge profit slide

RUSSIA’S Gazprom reported a huge profit slide for the first half of a bruising 2020 but like its giant national oil company counterparts remains in the black, if only just, while many of the world’s largest international oil companies fell sharply into the red this year. 

Gazprom sees huge profit slide Gazprom sees huge profit slide Gazprom sees huge profit slide Gazprom sees huge profit slide Gazprom sees huge profit slide

The Power of Siberia pipeline

The net profit slide was driven by lower oil and gas prices and the ongoing demand dampener that is COVID-19 and depreciation of the ruble. It also sold less gas into its key European market.