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16

Russia's Lukoil Shares Jump On Good Results

Russia's top oil private company Lukoil has its shares to break through 2,000 roubles

Russia's top oil private company Lukoil has its shares to break through 2,000 roubles ($70) for the first time on Monday after the release of quarterly results.

Lukoil U.S. GAAP results for the third quarter of 2005 on Friday were considered , by analysts to be ever best the company had.

Lukoil focused on making money in refining rather than crude oil exports during the quarter, as rising export duties on crude began to eat away at the profitability of selling abroad.