On Thursday, an oil subsidiary of Russian gas major Gazprom, Gazprom Neft, said that in the third quarter of 2020, its net income climbed by 27% quarter-to-quarter to RUB28 billion (USD369 million).
Free cash flow in the period hit RUB50.8 billion (USD666.8 million), while revenue rose by 35% on a quarterly basis to RUB536.7 billion (USD7 billion).
The results were affected significantly by the recovery in oil prices.
