TNK-BP Income Doubled

Russian-British oil company TNK-BP reported net income of US$2.1 billion for the first half of 2005 from US$1.22 billion for the same period a year ago.

Company's net profit for the second quarter of the current year raised to US$1.28 billion from US$770 million for an accounting period last year.

TNK-BP is 50% owned by BP and 50% by a group of prominent Russian investors: Alfa Group, Access Industries and Renova (AAR).