BAKU, Azerbaijan, Nov.6
By Leman Zeynalova – Trend:
Net sales of crude oil by Japanese INPEX company decreased by ¥236.2 billion, or 37.7 percent, to ¥390.3 billion, and net sales of natural gas decreased by ¥12.5 billion, or 6.1 percent, to ¥192.0 billion, Trend reports citing the company.
Sales volume of crude oil increased by 4,334 thousand barrels, or 4.9 percent, to 92,214 thousand barrels. Sales volume of natural gas increased by 36,286 million cf, or 11.8 percent, to 343,758 million cf. Sales volume of overseas natural gas increased by 39,563 million cf, or 16.0 percent, to 287,297 million cf, and sales volume of domestic natural gas decreased by 88 million ㎥, or 5.5%, to 1,513 million ㎥ (56,462 million cf).
The average sales price of overseas crude oil decreased by US$25.83, or 39.7 percent, to US$39.30 per barrel. In addition, the average sales price of overseas natural gas decreased by US$0.48, or 11.5 percent, to US$3.70 per thousand cf. Meanwhile, the average sales price of domestic natural gas decreased by ¥6.19, or 11.1 percent, to ¥49.71 per ㎥.
The average exchange rate of the Japanese yen against the U.S. dollar on consolidated net sales appreciated by ¥1.69, or 1.5 percent, to ¥107.70 per U.S. dollar from the corresponding period of the previous year. The decrease of ¥251.8 billion in net sales was mainly derived from the following factors: regarding net sales of crude oil and natural gas, an increase in sales volume contributing ¥43.6 billion to the increase, a decrease in unit sales price pushing sales down of ¥284.7 billion, the appreciation of the Japanese yen against the U.S. dollar pushing sales down of ¥7.7 billion, and a decrease in net sales excluding crude oil and natural gas of ¥3.0 billion.
Cost of sales for the nine months ended September 30, 2020 decreased by ¥30.7 billion, or 8.3 percent, to ¥339.4 billion. Exploration expenses decreased by ¥13.8 billion, or 70 percent, to ¥5.9 billion. Selling, general and administrative expenses increased by ¥0.9 billion, or 1.7 percent, to ¥56.1 billion. As a result, operating income decreased by ¥208.1 billion, or 52.1%, to ¥191.2 billion. Other income increased by ¥6.0 billion, or 17 percent, to ¥41.2 billion due to an increase in equity in earnings of affiliates and others. Other expenses increased by ¥3.9 billion, or 13.3 percent, to ¥33.5 billion. As a result, ordinary income decreased by ¥206.0 billion, or 50.9 percent, to ¥199.0 billion.
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