Russ Oil-Gas

05 June 2007 - Upstream OnLine - Gazprom Neft said today its net profit under US generally accepted accounting principles increased 31% year-on-year in 2006 to $3.7 billion. The company said its sales increased 38% in the reporting period to $20.17 billion and earnings before interest, taxes, depreciation and amortization climbed 27% to $5.17 billion. Gazprom holds a 75% stake in Gazprom Neft.