Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
Russian diplomat says use of military force against North Korean unacceptable, dangerousRussian Politics & Diplomacy April 28, 18:45
UN chief calls for lowering risk of miscalculation concerning North Korea issueWorld April 28, 18:15
Moscow deeply regrets Montenegro’s decision to join NATORussian Politics & Diplomacy April 28, 18:07
Maria Sharapova reaches Porsche Grand Prix semifinalsSport April 28, 17:50
MOSCOW, January 23. /ITAR-TASS/. Achimgaz, a joint venture by Russian gas giant Gazprom and Germany's Wintershall, increased net profit 2.3 times year-on-year over the nine months of 2013 to 5.625 billion rubles, about $170.5 million, says a Gazprom report based on international financial reporting standards. Revenue was 8.392 billion rubles ($254 million).
The venture was set up on a parity basis in July 2003 for exploitation of the first test site of a Siberian gas field’s Achimov deposits. Achimov deposits lie at the great depth of about 4,000 metres, with abnormally high reservoir pressure and heavy paraffin which considerably complicates their development and exploitation.
Geological prospecting confirmed the deposits’ efficiency on a vast territory of Nadym-Pur-Tazovsky in Western Siberia. Main recoverable hydrocarbon reserves of such deposits are concentrated in the Urengoy oil and gas condensate field.
Under the asset exchange deal between the two companies, Wintershall will receive a 25.01% stake in a project for exploitation of Achimov deposit areas 4A and 5A.