Gazprom Neft increased its net profit by 11% in the III quarter

JSC Gazprom Neft increased its net profit by 11% in the III quarter of 2008 in comparison with the corresponding period of the previous year up to 21.5 billion rubles.

The increase of the net profit in the III quarter is associated with the rise of oil prices in 2008, аs well as with the increase in volumes of oil products processed and sold at the domestic market.

In this situation the net profit of JSC Gazprom Neft has increased for the period of 9 months of 2008 by 51% and totalled to 83.4 billion rubles, which is also stipulated by high oil prices and increase of volumes processed.