OREANDA-NEWS. May 24, 2010. According to RAS the ITERA Oil and Gas, LLC oil and gas sales revenue went up 16.6 per cent in the first quarter of 2010 if compared to the same period of last year to Rub. 12.2 billion.

The revenue growth is due to the increase in natural gas price effected by the Federal Tariffs Service and the bigger volume of proprietary natural gas sold. The Company supplied 6 billion cubic meters of natural gas to consumers in the first quarter of 2010, including 3.3 billion cubic meters of gas the Company had produced on its own.

Sales profit for the first three months of 2010 went up to Rub. 3 billion. That was one third over the amount in January-March of 2009.

The Company’s net profit was Rub. 3.1 billion.