NOVATEK completed the project aimed to expand capacities of Purovsky ZPK from 5 to 11mln ton/year due to the launching of two new lines of 3mln ton/year in capacity, the company informed.
NOVATEK (TIN 6316031581) is ranked as the second producer of natural gas in Russia after Gazprom. The fields are located in Yamalo-Nenetsky reg. The stocks are under trading on LSE. It managed to increase the proved reserves (SEC) by 38.1% to 6.853bn barrels.
In IH 2013 net profit (RAS) dropped 38% to 13.169bn rub. from 21.28bn rub.; revenues being up 43% to 115.343bn rub. from 80.879bn rub.
The 9-month 2013 net profit (IAS) climbed up 13.7% to 57.886bn rub. from 50.911bn rub. prior year; revenues from sales increased 41.4% to 214.243bn rub. from 151.535bn rub.