USD 63.9542

-0.06

EUR 71.1299

+0.23

BRENT 59.29

-0.01

AI-92 42.27

0

AI-95 46.03

0

AI-98 51.79

-0.04

Diesel 46.19

+0.03

18

TNK-BP Income Doubled

Russian-British oil company TNK-BP reported net income...

Russian-British oil company TNK-BP reported net income of US$2.1 billion for the first half of 2005 from US$1.22 billion for the same period a year ago.

Company's net profit for the second quarter of the current year raised to US$1.28 billion from US$770 million for an accounting period last year.

TNK-BP is 50% owned by BP and 50% by a group of prominent Russian investors: Alfa Group, Access Industries and Renova (AAR).