Rosneft buys control of Itera Oil & Gas

Rosneft has taken 100% control of Itera Oil & Gas Co. LLC with the $2.9 billion purchase of 49% of the company from Itera Holdings Ltd.

Rosneft said consolidation of Itera Oil & Gas, a joint venture it formed last year with the Itera group, will enable it to accelerate development of the Kynsko-Chaselsk group of fields in the Krasnoselkupsk region of the Yamalo-Nenets Automous District (OGJ Online, Aug. 6, 2012).

“It forms a stable platform for consistent implementation of Rosneft’s gas strategy aimed at gas production increase to 100 billion cu m/year and transformation of Rosneft into the largest independent gas producer in the Russian Federation,” a Rosneft press statement said.

Related Articles

NGSA asks Congress to pass bills facilitating LNG exports

03/27/2014 The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will h...

IHS: Western sanctions indirectly could hinder Russian oil, gas revenues

03/27/2014 Western sanctions imposed against Russian government officials and business executives regarding Russia’s conflict with Ukraine could slow the avai...

US, European energy leaders to discuss gas diversification measures

03/27/2014 Top US government energy officials and their counterparts from other G7 nations will meet early next week to discuss reducing Europe’s heavy relian...

EIA: Cushing inventories down 32% over the last 2 months

03/27/2014 According to the US Energy Information Administration, crude oil inventories at Cushing, Okla., the primary crude oil storage location in the US, d...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected