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JSC Sibneft Posted Q1’2006 Net Profits at 11,570,043,000 Rubles

The net profits of JSC Sibneft in Q1’2006 under Russian financial reporting standards increased by 54% as compared with a corresponding period last in 2005 and totaled 11 billion 570 million 43 thousand Rubles.

At the same time the company produced a total of 10.57 million tons of oil during January-April 2006. This production volume was quoted by IC BrokerKreditServis analysts under reference to the data released by State Enterprise Central Dispatch Administration of the Fuel and Energy Complex.