🕐07.08.12 - 07:27 Uhr

PRESS-RELEASE "ROSNEFT", AUGUST 06, 2012 (WWW.ROSNEFT.COM)




Rosneft and ITERA Group Close Deal to Create Joint Venture to Produce and Sell Gas



Rosneft and ITERA Group have closed a deal to create a joint venture on the basis of ITERA Oil and Gas Company to produce and sell gas in line with the terms of a strategic cooperation agreement signed on 28 February 2012.

Rosneft obtained 51% in the joint venture in exchange for a 100% stake in the charter capital of Kynsko-Chaselskoye Neftegaz (which owns the license for the Kynsko-Chaselsk license block) and a cash consideration of $173.4 million.
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