AK&M reported that Verkhnechonskneftegaz relies to increase the crude oil output by 700,000 tonnes due to the tax incentives TNK to BP Management informed. In 2011 5.02 million tonnes were gushed out to provide 14% in the growth

Verkhnechonskneftegaz holds a license on the development of Verkhnechonskoe field in Irkutsky reg. covering 201.8 million tonne of oil and 3.4million tonnes of gas in reserves.

The gas reserves are appraised to include 129.2 billion cubic meters. The 2011 net profit reached RUB 6.714 billion revenues 46.RUB 111 billion.

Source - AK&M

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