Reuters reported that Russia fourth-largest crude producer, Surgutneftegaz posted a net profit of RUB 101.45 billion in the first six months up by 30%YoY.

Surgut had a net profit of RUB 77.78 billion in the first half of last year.

Unlike its domestic peers, the company still reports only under Russian accounting standards but is expected to start disclosing under international standards starting from 2013 at the latest.

Source - Reuters

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