Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Rosneft Absorbs Itera to Step Up Competition with Gazprom
2.07.2013 14:38
Rosneft Absorbs Itera to Step Up Competition with Gazprom
Photo Credit:

Rosneft has consolidated its stake in ITERA Oil and Gas Company, says the state-run corporation’s official press release.

      The Russian oil giant acquired the remaining 49 percent from Itera Holdings Limited for $2.9 billion.

      The deal will empower Rosneft to accelerate the development of the Kynsko-Chaselsk group of fields.

      Earlier, in August 2012 Rosneft and ITERA set up a joint venture whose consolidated proved and probable reserves under international classification amount to 427.2 bcm of gas and 25.8 million tonnes of liquid hydrocarbons.


Author: Mikhail Vesely

Tags: Rosneft     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Central Bank  Russian tourism  Russian theatres  Borsch  elections in Russia  system of governmental scientific attestation  Russian economy  Russian business  Russian ballet dancers  Pyotry Tchaikovsky  Bard Song  Curonian Spit  Sheremetyevo Airport  Pushking Fine Arts Museum  Yandex  Peredelkino  Seizure of Lands  Russian hotels  Russian science  Exhibitions in Moscow  Russian oil and gas industry   Penza Museums   Christ the Saviour Cathedral  Sculpture  Peter and Paul Cathedral  the Bolshoi Theatre  Komi Republic  lawmaking in Russia  Russian souvenirs  cheapest flights  Ryazan  Pussy Riot case  Dyatkovo  Exhibitions in Saint Petersburg  St. Petersburg  Moscow  Russian scientists  Faceted Chamber  Severstal  "Garage" Museum of Contemporary Art  Russian startups  music  FC Alania  Chelyabinsk  Russian Cinema  Mercedes-Benz Fashion Week Russia  Song and Dance Ensemble of the Interior Troops   VKontakte  Karachay-Cherkessia  migration in Russia 

Travel Blogs
Top Traveling Sites