Tatneft Production, Net Income Increase Two-Fold

Tatneft's U.S. GAAP financial results for nine months ending Sept. 30, 2007 include a net income of 29.5 billion rubles, or U.S. $1.9 billion. This amount constitutes an increase of almost double of what the company made in the first six months of the year.

Oil production, 139 million bbl, is up from the 93 million recorded in the first six months. Gas production of 611.5 million cubic meters is up from 409.6 million cubic meters during the first six months.