According to the state-owned oil giant, the drop in profit is the result of a decrease in total sales, the increase in the impairment of fixed assets and the lower income from the resale of products.
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By KELIN DILLON Crude oil prices dipped down more than $4 a barrel on Monday, Aug. 15, to the same market levels seen before the Ukrainian invasion, a trend prompted by the release of disappointing economic data from China – the world’s biggest crude oil importer – that very same day. The price of a barrel of U.S. West Texas
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