Tuesday, June 5, 2007

UPDATE 1-TNK-BP's net profit up 40 pct in 2006

(Reuters) - TNK-BP International combines TNK-BP Holding plus half of
oil production venture Slavneft and a controlling stake in Rusia
Petroleum, the licence holder of the giant Kovykta gas field.




The company's total sales rose 18 percent in 2006 to $35.512
billion but net revenue was only 11 percent up at $24.66 billion
as export duties and excise taxes jumped 35 and 58 percent
respectively to $10.1 billion and $765 million.


Read more at Reuters.com Market News

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