MOSCOW, April 29 (RIA Novosti) - TNK-BP's net
profit calculated to U.S. GAAP stood at $5.3 billion in 2008,
the Russian-British joint oil venture's chief operating officer
said on Wednesday.
Tim Summers described the figures as the company's
"best performance" since it was established in 2003.
Chief Finance Officer Jonathan Muir told reporters
that the company's revenue increased 33% year-on-year to $51.9
billion last year.
Muir added that the company's net debt as of late 2008
was $6.4 billion.
TNK-BP is currently carrying out prospecting and
exploration of oil deposits in West Siberia, the Volga-Urals
region, East Siberia and on Sakhalin Island.
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