The oil player’s board has approved a rise in its investment programme to 379.5 billion Russian roubles ($5.79 billion), it said on Tuesday.

The company also revealed a net profit of 112.4 roubles for the six months to the end of June, a year-on-year rise of 28.3%.

Earnings before interest, tax, depreciation and amortisation was up 12% at 199.8 billion roubles.

First-hald production ballooned 19.4%