OREANDA-NEWS. OJSC Rosneft (Rosneft or „the Company“) today, October 4, reported its consolidated financial results in accordance with US GAAP for the second quarter and first half of 2006, both periods ending June 30, 2006.

In the first six months of 2006, Rosneft’s total revenues increased by 65.8% to USD 16,356 million from USD 9,864 million in the first six months of 2005. In the second quarter of 2006 Rosneft’s total revenues increased by 60.7% to USD 8,840 million from USD 5,501 million in the second quarter of 2005.

In the first six months of 2006 EBITDA grew by 26.5% to USD 4,178 million from USD 3,302 million in the first six months of 2005. In the second quarter of 2006 EBITDA increased by 28.7% to USD 2,261 million from USD 1,757 million in the second quarter of 2005.

Net income adjusted for the sale of CJSC Sevmorneftegaz and minority interest in the income of subsidiaries increased by 14.2% to USD 1,953 million as for the first six months of 2006 from USD 1,710 million as for the first six months of 2005. Similarly, Net income for the second quarter of 2006, adjusted for the sale of CJSC Sevmorneftegaz and minority interest in the income of subsidiaries, increased by 13.3% to USD 1,108 million from USD 978 million in the second quarter of 2005.