TNK-BP Profit Rises 53% on Crude Export Duty Lag, Strong Ruble
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TNK-BP, the Russian oil venture OAO Rosneft plans to acquire, said profit rose 53 percent as it benefited from a lag in export duties and the ruble’s strength.
Net income grew to $2.73 billion from $1.79 billion a year earlier, TNK-BP International Ltd. said today in a statement.