Rosneft to form venture with Itera

Feb 28, 2012 12:00 AM

Rosneft, Russia’s largest oil producer, agreed to form a venture with Itera to jointly develop natural-gas assets and seek acquisitions.
Rosneft and Itera, a non-state gas explorer, plan to develop deposits with reserves of 600 bn cm, the state-controlled oil producer said.

The companies will start by developing Itera assets and later add some of Rosneft’s.

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