OREANDA-NEWS. OJSC Rosneft (Rosneft or "the Company") today, May 15, reported its audited consolidated financial results in accordance with US GAAP for the full year of 2006.

In 2006, Rosneft's total revenues increased by 38,7% to USD 33,099 million from USD 23,863 million in 2005.

EBITDA grew by 3,5% to USD 7,276 million from USD 7,029 million.

Net income over the twelve months of 2006 adjusted for the sale of CJSC Sevmorneftegaz and minority interest in the income of subsidiaries increased by 0,3% to USD 3,625 million from USD 3,615 million over the same period in 2005.

Capital expenditures increased by 78% to USD 3,462 million from USD 1,944 million. This increase can primarily be attributed to the expansion of operations at Yuganskneftegaz and the commencement of full-scale development at the Vankor field.