OREANDA-NEWS. LUKOIL published its 2006 consolidated US GAAP financial accounts.

LUKOIL net income was $7,484 million in 2006, which is an increase of 16.2% y-o-y. EBITDA was $12,299 million, which is 18.2% higher y-o-y. Revenue from sales rose by 21.4%, to $67,684 million.

The increase in net income was due to favourable market conditions, increase in hydrocarbon production and refinery throughputs, cost control, and refining margins growth.

Growth of the net income was held back by strengthening of the rouble against the dollar and growth of the tax burden.

The Company’s tax expenses totalled $24.4 billion, up 30.4% y-o-y.