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“RussNeft” increased in 2010 its capital investment by 55per cent up to 347 million dollars.

04.07.2011 "Prime-TASS"

Moscow. NK “RussNeft” (RUSN01) increased in 2010 its capital investment in comparison to the previous year by 55% up to $347 million. This is the information from the company’s annual report.

Proceeds from the sale of products grew by 30 % and amounted to $6.9 billion. The net debt increased in 2010 up to $6.1 billion. The interest cover ratio amounted to 2.5  while in 2009  it was equal 3.7. The company increased the cash balance by $137 million after implementation of the investment program and credit portfolio servicing.

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