ITERA Oil and Gas Company plans production of 13 to 13.5 billion cu m of gas in 2010

Апреля 16, 2010

According to Gennadi Skidanov, First Deputy Chairman of the Management Board of the Company, the Company owns a 49 percent-stake with Purgaz that produces 15 billion cu m of gas a year, and a 49 percent-stake with Sibneftegaz (annual production is about 12 billion cu m of gas).

Based on these figures, the Company is going to produce 13 to 13.5 billion cu m of gas. G. Skidanov also pointed out that the Company shall produce as much gas in 2010 as it did last year.
At the same time, the First Deputy Chairman of the Company Management Board reminded that ITERA was not going to purchase gas either from Gazprom, or directly from NOVATEK in 2010. At the same time, the Company was going to supply about 17 billion cu m of gas to consumers.
ITERA Oil and Gas Company is a part of ITERA International Group of Companies. ITERA Oil and Gas Company are doing gas business. It is developing its own production of gas in the Yamalo-Nenets Autonomous District in Western Siberia of Russia. The Sverdlovsk Region is the principal consumer of ITERA gas in Russia. ITERA International Group of Companies was established in 1992. It has been involved in selling gas since 1994. The Group of Companies has about 150 representative offices and affiliates in Russia, CIS, Baltic States, Europe and the USA.