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Net profit of OAO “Belkamneft” in the first half year grew by 22.5 per cent and amounted to 306.663 million rubles.

17.08.2009 “Prime-TASS”

Izhevsk. Net profit of OAO “Belkamneft” , a subsidiary of Oil & Gas Compaany “RussNeft» (RUSN1) in the first half of the year 2009 amounted 306.663 million rubles while for the analogous period in 2008 net profit equaled 250.230 million rubles.

This information was received from the accounts of the company.

Balance profit of the company for the fiscal period amounted to 406.488 million rubles as compared with 349.663 million rubles the previous year. Sales proceeds for the 1st half of the year 2009 amounted to 3.356 million rubles, production cost – 2.648 million rubles. “Belkamneft” is producing oil in Udmurtia. The comoany/s resources as of January 1, 2009 equalled to 341.5 million barrels of oil.

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