Russia’s top oil producer Rosneft reported strong cashflow on Nov. 11, strengthening its position for a continuing acquisition drive despite a worse than expected 77 percent decline in third-quarter net profit.
Rosneft, which bought a controlling stake in mid-sized oil company Bashneft for 323 billion rubles ($4.9 billion) last month, has been looking for ways to increase its global exposure and become a leading international oil major.
