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Lukoil’s Grib Diamond Sales Jump
Nov 30, 2016 6:53 AM
By Rapaport News
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RAPAPORT... Lukoil’s diamond revenue
from its Grib mine in Russia rose 33 percent to $61.9 million (RUB 4 billion)
in the third quarter, the country’s largest oil producer reported.
The deposit is Lukoil’s only diamond asset. Production of
rough diamonds started
in September 2014 with sales amounting to $162
million in 2015, its first full year of operations. Lukoil’s group revenue
slid 11 percent to $20.3 billion (RUB 1.31 trillion) in the third quarter
because of lower oil prices.
Diamond sales more than doubled to $232.3 million (RUB 15
billion) from $108.4 million (RUB 7 billion) in the first nine months of the
year.
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Tags:
grib, Grib mine, lukoil, oil, Rapaport News, Rough diamond sales, Rough Diamonds, Russia
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