Sibir Energy, in 2008, increased oil production by 42% to 25.3 million barrels

Sibir Energy, in 2008, increased oil production by 42% to 25.3 million barrels. compared to 2007, says the company's message.

In IV quarter the company produced 7.1 million barrels. That a 31% increase over the same period of 2007

Average production company during the reporting period reached 76.7 thousand barrels. per day to 58.35 thousand barrels. Year

earlier.

Weighted average net proceeds from the sale of oil companies last year amounted to $ 35.5 per barrel, in IV quarter - 12.9 per barrel.

At the end of last year at the Moscow refinery Sibir Energy revised 35.8 million barrels. oil, which is 67% higher than 2007 volumes on MNPZ in September and December last year amounted to 9.7

million barrels. (an increase of 34%).

Npomnim that Sibir Energy has exploration and production of hydrocarbons in the Khanty-Mansiysk, where it owns 95% shares of OAO NK "Magma" and 50% of SPD. Company also owns 51% of ordinary shares or 38.4% of the share capital of JSC " Moscow Oil Refinery, which entered into a joint venture with Gazprom oil "- Moscow NPZ Holdings BV joint venture owned 90.02% stake MNPZ.