BAKU, Azerbaijan, Feb.10
By Leman Zeynalova - Trend:
Consolidated net sales of Japan-based INPEX company for the year ended December 31, 2020 decreased by ¥400.1 billion, or 34.2 percent, to ¥771.0 billion from the corresponding period of the previous fiscal year due to decreases in sales price and sales volume of crude oil, Trend reports citing the company.
Net sales of crude oil decreased by ¥366.0 billion, or 42 percent, to ¥505.5 billion, and net sales of natural gas decreased by ¥30.4 billion, or 10.8 percent, to ¥250.5 billion. Sales volume of crude oil decreased by 5,033 thousand barrels, or 4.1 percent, to 117,282 thousand barrels. Sales volume of natural gas increased by 47,357 million cf, or 11.3 percent, to 467,466 million cf.
Sales volume of overseas natural gas increased by 50,020 million cf, or 14.7 percent, to 390,053 million cf, and sales volume of domestic natural gas decreased by 71 million ㎥, or 3.3 percent, to 2,074 million ㎥ (77,413 million cf).
The average sales price of overseas crude oil decreased by US$25.01, or 38.3 percent, to US$40.31 per barrel. In addition, the average sales price of overseas natural gas decreased by US$0.72, or 16.6 percent, to US$3.61 per thousand cf. Meanwhile, the average sales price of domestic natural gas decreased by ¥7.69, or 14.1 percent, to ¥46.93 per ㎥. The average exchange rate of the Japanese yen against the U.S. dollar on consolidated net sales appreciated by ¥2.20, or 2 percent, to ¥106.85 per U.S. dollar from the corresponding period of the previous fiscal year
The decrease of ¥400.1 billion in net sales was mainly derived from the following factors: regarding net sales of crude oil and natural gas, a decrease in sales volume pushing sales down of ¥17.4 billion, a decrease in unit sales price pushing sales down of ¥365.5 billion, the appreciation of the Japanese yen against the U.S. dollar pushing sales down of ¥13.4 billion, and a decrease in net sales excluding crude oil and natural gas of ¥3.6 billion.
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