OREANDA-NEWS. November 22, 2010. Proceeds of ITERA Oil and Gas Company from marketing natural gas in the three quarters of 2010 went up by 16.6 per cent (as assessed according to RAS), if compared to the same period of last year, to Rub. 28.2 billion.

The growth of proceeds is attributed to increase of price on natural gas introduced by the Federal Tariffs Service in 2010 and the increased sales of gas the Company produces itself. Within nine months of 2010, the Company supplied to consumers 13.6 billion cu m of natural gas, out of which volume 9.3 billion cu m was the gas of the Company’s own production.

Sales profit went up to Rub. 6.8 billion within nine months of 2010. This was nearly one and a half the January – September 2009 volume.

The Company’s net profit was Rub. 5.2 billion.