In this file photo taken on June 28, 2017 shows a man walking past a sign with the logo for Russia's state oil giant Rosneft at a petrol station in Moscow. AFP / Yuri KADOBNOV
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Russia's biggest oil company Rosneft said Tuesday it more than doubled its net income last year, taking advantage of the climbing price of crude despite an unstable market. The state-controlled company reported a net income of 549 billion rubles ($8.4 billion) in 2018, up from 222 billion rubles the previous year.Rosneft chief Igor Sechin said in a statement that the company planned investments between 1.2 trillion and 1.3 trillion rubles in 2019 as it implemented "strategic upstream oil and gas projects".Rosneft's partner in the Latin American country, the state oil company PDVSA, has been put under U.S. sanctions and owes Rosneft $6 billion.
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