OAO RussNeft increased its net profit in 2011 according to international financial reporting standards (IFRS) by 17% to $673 million. The company's sales revenue increased 23% to $5.536 billion. The company's OIBDA in 2011 went up by 34% to $1.547 billion. The company's total capital expenditure for 2011 increased 33% to RUB 16 billion. The company's oil output came to 13.6 million tonnes in 2011, a 5.6% increase from 2010. The increase in production was the result of the company's extensive drilling programs for several of its enterprises in Western Siberia, the Tomsk Region and Udmurtia. The company plans to boost production in 2012 to 14 million tonnes (an increase of 3% on 2011). Capital expenditure for 2012 will be increased 14% to RUB 17.4 billion.