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Subsidiary of RussNeft in KhMAO increased its net profit as per RAS in 2012 by 65%

25.04.2013 Interfax

Khanty-Mansiysk. ОАО Varioganneft (RTS: VARN), subsidiary of RussNeft (RTS: RUSN) in Khanty-Mansiysk autonomous district, received the net profit in 2012, calculated as per the Russian Accounting Standards (RAS), in amount of 1,097.4 million rubles which is 1.65 times greater than in 2011, as communicated in the company’s report.

The revenue increased 11.7% and amounted to 14,997.3 million rubles. OAO Varioganneft develops Varioganskoye, Tagrinskoye, Novo-Aganskoye, Zapadno-Varioganskoye, Valyuninskoye fields and northern part of Yuzhno-Yarainerskoe field.

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