*http://en.rian.ru/business/20070801/70092750.html
Gazprom Neft's net profit up 18.7% to 1.4 bln in 1H07 MOSCOW, August 1 (RIA Novosti) *- Gazprom Neft, the oil arm of *Russian*energy giant Gazprom, said Wednesday its net profit in the first half of 2007 increased 18.7% year-on-year to 35.6 billion rubles ($1.4 billion). The company said the increase was caused by a growth in oil and petrochemicals sales and higher oil exports. Gazprom Neft also said its assets increased 26.45% in the second quarter of 2007 to 301 billion rubles ($11.8 billion) following an increase in short-term investment in deposits and a lower amount of cash. Gazprom Neft is one of Russia's largest oil companies handling downstream and upstream operations. It was known as Sibneft before April 2007. [Non-text portions of this message have been removed]
