Russian net profit of Lukoil fell 37% on a quarterly basis, to 119.3 billion rubles ($ 1.7 billion) in the fourth quarter, in light of declining refining margins The lower the profitability of the company's retail activities.


According to Reuters, the revenues of the second largest oil producer in Russia for the period between October and December of 2019 fell by two percent to 1.9 trillion


Rubles.