Rosneft is going to contribute 59.47bn rub. in the share capital of NGK Itera, the company informed.
The contract was signed Dec. 26.
NGK Itera provides gas extraction in Yamalo-Nenets region from 1998. It invested $2bn in the development of the gas sector. Itara is the first private company providing development of gas fields in the North of Russia. The total output exceeds 250bn m3 of gas over the history.
Itera NGK is a JV set up by Rosneft (51%) and MGK Itera (49%). The proved reserves cover 232.3bn m3 of gas. In 2013 the output is assumed to gain 13bn m3. The 9-month 2012 net profit rose 18.9% to reach 4.816bn rub.; revenues moved down to 41.524bn rub. from 41.867bn rub.