Tatneft expects balance sheet profit at RUB 64 bn in 2007

Tatneft expects balance sheet profit at RUB 64 bn in 2007. The company's crude output amounted to 25.74 mn t in 2007, or up 1.3% on 2006. Net revenue is projected at RUB 198 bn, or up RUB 24 bn y-o-y. Based on the results of the oil company's operations in 2007, balance sheet profit is expected at RUB 64 bn, which is 27% higher than in 2006. The company's market cap climbed 45% to USD 13.50 bn.