Sibneftegaz to supply gas to Itera

Jul 03, 2007 02:00 AM

Sibneftegaz will supply up to 1.795 bn cm of gas at RUR 580 (approx. $ 22.54) per mcm to Itera International Group of Companies, an independent gas producer, in 2007.
The shareholders of the Russian oil and gas company made a decision to this effect at an extraordinary meeting, the company said.

Therefore, Sibneftegaz will supply 855.6 mm cm in the third quarter and another 939.5 mm cm in Q4 2007.
The General Director of Sibneftegaz Andrei Burbasov has been requested to sign a contract on the matter with Itera.

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