TNK-BP (TNBP.ME, TNKBF.PK) Wednesday reported a rise in fourth-quarter profit to $2.17 billion from last year's $1.93 billion. EBITDA for the quarter was $3.61 billion compared to the year-ago $3.16 billion.
Revenues for the three-months were $15.70 billion, jumping from $12.50 billion in 2010, thanks to Urals price increasing by 27 percent and a growth in production of 4.3 percent. Total oil and gas production in Russia was 2.00 billion boe/d this year and 1.96 billion boe/d in the prior-year.
by RTT Staff Writer
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