In the second quarter of 2006 OAO Oil and Gas Company RussNeft net profit has increased by 15% against the first quarter and reached the point of 4.190 billion rubles, company report says. During January-March a.c. RussNeft got the net profit of 3.635 billion rubles, having increased the indicator fourfold against the fourth quarter of 2005.
Swiss trading company Glencore is not RussNeft’s largest creditor any longer. Sberbank has started acting as such. Last December it supplied Mikhail Gutseriev’s company $ 1 billion for a number of TNK-BP assets acquisition.
ZAO Krasnodar Refinery - Krasnodarekoneft has refined 1.13 mln tons of oil during the first half year.
During the first half year the enterprise increased the production of naphta against that of last year by 60.4% - 240.8 thousand tons.
OAO Neftemaslozavod – OAO Oil and Gas Company RussNeft’s subsidiary- has increased its raw refining 16% over the first six months of 2006 as against the similar period in 2005 –16.8 thousand tons – Oil and Gas Company RussNeft’s Press Service reports. In 2006 the subsidiary plans to refine a total of 35 thousand tons of raw.