OREANDA-NEWS. OJSC Rosneft (Rosneft or “the Company”) on December 27 reported its consolidated financial results in accordance with US GAAP for the third quarter and first nine months of 2006, both periods ending September 30, 2006.

In the first nine months of 2006 Rosneft continued to deliver industry leading organic crude oil production growth. In the first nine months of 2006 crude oil production of the consolidated subsidiaries, including equity share in Sakhalin-1 project, increased by 8.6% to 58.464 million tonnes (1,567 kbpd) from 53.850 million tonnes (1,443 kbpd) in the same period of 2005.

Natural and associated gas production by consolidated companies increased by 7.5% to 10.12 bcm in the first nine months of 2006 from 9.41 bcm in the first nine months of 2005. Sales of gas amounted to 6.99 bcm, an increase of 4.6% compared to 6.68 bcm in the first nine months of 2005.

Average sale price for gas delivered by Rosneft made $20,89 per 1000 cubic meters and $19,01 per 1 000 cubic meters for nine months of 206 and 2005 accordingly.