MOSCOW, Aug 15 (Reuters) - Rosneft, Russia'slargest oil producer, said on Monday its second-quarter netprofit declined by 33.6 percent, year-on-year, to 89 billionroubles ($1.38 billion) following a drop in global oil prices.
Analysts, polled by Reuters, forecast net income at 85billion roubles..
The price of Urals oil blend, Russia's chief commodityexports, declined by 30 percent in the second quarter,year-on-year, due mainly to oversupply and it averaged $46 perbarrel.
Rosneft, in which BP owns almost 20 percent, said itsApril-June revenue declined by 6 percent to 1.232 trillionroubles, while earnings before interest, taxation, depreciationand amortisation, a gauge of operating profit known as EBITDA,increased by 12 percent to 348 billion roubles.
Net debt fell by 41.4 percent to $23.4 billion,year-on-year.($1 = 64.3053 roubles) (Reporting by Olesya Astakhova, writing by Denis Pinchuk;editing by Lidia Kelly and Katya Golubkova)