Revenue jumps from Russian oil producer Gazprom Neft

Russian oil producer Gazprom Neft  said its first quarter revenue jumped 14.5 percent year-on-year, while production increased 1.1 percent.

The company is the oil-producing arm of state-controlled Gazprom. In a report on the first three months of the year, the company said net production, including its share in joint ventures, was around 160 million barrels of oil equivalent, an increase of 1.1 percent from the same period last year. www.upi.com