MOSCOW (Thomson Financial) - Russian oil company Lukoil expects net profits to rise by 6.9 pct to around 8 bln usd in 2007 from 7.5 bln the previous year.
Lukoil president Vagt Alekperov told a press conference Saturday the figures are provisional and that the final results will be announced before the end of the first quarter of 2008.
In a statement, Lukoil said its estimates show a 1.6 pct increase in hydrocarbon production in 2007, with oil production totalling 96.6 mln tonnes and gas production amounting to 16.4 bln cubic metres. tf.TFN-Europe_newsdesk@thomson.com afp/ak COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.