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Russian oil major, Lukoil, has reported a jump of 75 percent in the first quarter net profit. The profits of the company rode on the back of recent surges in global crude rates to near four-year highs, pushing up revenue and margins. Lukoil said that its profit for the first quarter of 2018 stood at 109.1 billion roubles (€1.5 billion), up from R62.3 billion a year earlier.
