Moscow. OAO NK “RussNeft” (RTS: RUSN) in 2008 built up its consolidated profit by 20% - up to USD 8.09 billion, which is the maximal level in the record of the company, says the press-release of NK
It is said in the report of the Company, that in 2008 the enterprises of "RussNeft" have increased hydrocarbon production by 0.55% - up to 14.2 mln tons. Increase of production has been achieved due to carrying-out of the large-scale production programmes on drilling, mainly in Western Siberia and the Udmurt Republic, and also due to the commencement of new fields development "Verkhne-Shapshinskoye" and "Yuzhno-Roslavlskoye" (Western Siberia).
In 2009 the management of NK “RussNeft” intend to secure considerable reduction of the company’s production cost and stabilization of the company’s financial statement at the account of implementation of the package of anti-crisis measures and completing restructuring of the assets, says the company’s report.