Putin pleased with acting at Moscow's Maly drama theaterSociety & Culture March 23, 23:35
Former Russian MP killed in Kiev, killer dies in hospitalWorld March 23, 23:32
Russia's Channel One refuses to broadcast Samoilova's performance via satelliteSociety & Culture March 23, 21:52
Experts forecast Bank of Russia will keep key rate at 10%Business & Economy March 23, 21:13
Putin's aide explains why Russia has no fear of supplying S-400 systems to TurkeyRussian Politics & Diplomacy March 23, 20:42
British police identify Westminster attacker as Khalid MasoodWorld March 23, 20:03
Russia develops ‘grenade launcher-propelled’ reconnaissance droneMilitary & Defense March 23, 19:58
Ukraine forbids Russian Eurovision contestant to perform via satelliteWorld March 23, 19:35
Jehovah’s Witnesses in Russia suspended over extremismSociety & Culture March 23, 19:00
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.