MOSCOW Feb 28 TNK-BP International, the main unit of Russia's TNK-BP that is being taken over by state oil company Rosneft, said on Thursday its 2012 net income fell by 13 percent to $7.58 billion.
In the fourth quarter of last year the company's net was also down year-on-year, to $1.87 billion from $2.10 billion.
Revenues in 2012 rose slightly to $60.45 billion from $60.20 billion in 2011.
Earnings before interest, taxes, depreciation and Amortisation, or EBITDA, were 7 percent lower than in 2011, at $13.35 billion - chiefly due to increase in export duties and other taxes, as well as one-off impairments, the company said.
TNK-BP also said it had replaced 210 percent of its reserves in 2012 under the U.S. Securities and Exchange Commission's LOF (life of field) standards, or SEC-LOF.
Rosneft is expected soon to get the nod from regulators for its $55 billion deal to buy TNK-BP, from BP and a quartet of Soviet-born tycoons, making it possible to close the deal in the first quarter, sources say.
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LONDON, Oct 27 Reassuring results from some of Europe's biggest banks gave financials a boost on Thursday and helped offset weakness in oil-related stocks, while higher bond yields underpinned the dollar.
Moody's sees Russia's 2016 budget deficit at up to 4.7 pct of GDP
MOSCOW, Oct 27 Russia's budget deficit may reach 4.7 percent of gross domestic product this year if Moscow fails to sell a state stake in oil giant Rosneft, a senior vice president at Moody's Investor Service said on Thursday.