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In 2008 “Belkamneft” increased its net RAS profit 1.6 times.

27.03.2009 “Interfax”

Moscow, March 27. INTERFAX – OAO “Belkamneft” (a subsidiary of Oil & Gas Company “RussNeft”) (RTS: RUSN) in 2008 increased net RAS profit 1.6times as compared with 2007.

According to the company’s report, in the fourth quarter net profit of the joint stock company amounted to 86.44 million rubles. Thus, in 2008 the company received net profit in amount of 493.8 million rubles, as compared with 307.66 million rubles in 2007.
Net profit of the joint stock company in the fourth quarter decreased 1.8 tines as compared with the third quarter of 2008.
 

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