Dec 5, 2007

GazProfit? Not so much...

Gazprom's profits fell 25% in the Spring of 2007. This comes after the company pumped up prices to downstream customers in E. Europe.

Higher operating costs are the official reason for the $1 billion slide. We suspect Western-trained sabatours could also be to blame. They seem to be the reason for all of Russia's other ills these days.

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