The company’s results were impacted by an increase in average crude oil prices (Brent: from $49.33/barrel in the fourth quarter of 2016, to $61.26/barrel in the last quarter of 2017; Urals crude oil: from $47.89/barrel in the fourth quarter of 2016, to $60.77/barrel in the last quarter of 2017). Thus, the company’s crude oil average price rose to $52.61/barrel in the fourth quarter of 2017, compared with $41.55/barrel in the same period in 2016.
Natural gas sales to third parties fell to 11.13 TWh in the last quarter of 2017, compared with 12.41 TWh in the same period a year before. Power output rose from 0.82 TWh in the fourth quarter of 2016 to 1,05 TWh in the fourth quarter of 2017.