31.03.2010
“Interfax”
Saratov. In 2009 the net profit of OAO “Saratovneftegas”, a subsidiary of NK “Russneft” (RTS: RUSN), according to RAS, amounted to 1 billion 149.027 mln. rub., which is 12,7% more than in 2008, the company reports.
The company connects the increase in the net profit with the cut of production costs as a result of optimization of expenses and reduction in Tax on Natural Resources Production rate.
According to the results of 2009 the company’s assets amounted to 9 billion 503.187 mln. rub., which exceeds the last year index by 18.2%.
“Saratovneftegas” is engaged in oil and gas production. At present the enterprise develops 43 oilfields at the territory of 14 districts of Saratov Region and also at Staropoltavsky district of Volgograd Oblast.
