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Wednesday, October 22, 2008

Gazprom oil since October, 20th reduces prices for gasoline.

AK & M10–21–2008 – AK&M News – OJSC "Gazprom oil" since October 20th reduces prices for gasoline at gasoline stations. AK&M has been informed it about in the press-service of the company. Besides, the company plans in the forthcoming winter to sell diesel winter fuel at the price of the summer. "Gazprom oil" is the fifth company in the Russian Federation on volumes of oil recovery. Its proved stocks under classification SEC for the end of 2006 made 514mln ton, under classification SPE - 601.8mln ton. Under results of 2006 the consolidated oil recovery decreased down 1.7% to 44.4mln ton. The net profit in 2006 grew up 47% to 62.829bln rbl. from 42.489bln rbl., the proceeds - up 37% to 374.776bln rbl. from 273.086bln rbl. The net profit under US GAAP grew up 31% to $3.661bln from $2.805bln in 2005. The investment program of the Company for 2007 makes 64.4bln rbl. OJSC "Gazprom oil" in 2007 extracted 32.7mln ton of oil, that practically corresponds to parameters of 2006. "Gazprom oil" borrows the 8th place in the "Leading enterprises of Russia" rating under results of 2006, presented by the rating agency AK&M in October, 2007.

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