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ITERA Group Ltd. · Moscow Russia

Company Description

Sevastopolsky Prospekt, 28, Bldg. 1
Moscow
11720-9
Russia (Map)
Phone: +7-495-411-8500
Fax: +7-495-788-8502
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    Rags to riches -- Russian style. ITERA Group, Russia's largest private gas trader, delivers natural gas via pipeline to several former Soviet republics. It also produces natural gas in the Yamalo-Nenets Autonomous Region in Western Siberia. Founded in 1992 as an industrial, oil, and food products supplier, ITERA moved into gas markets in 1994. ITERA had interests in chemicals, construction, finance, insurance, securities, and agriculture, but shed most of these to focus on gas production and marketing. The company has teamed up with Gazprom to develop infrastructure to deliver gas condensate from production sites. Executives, including CEO Igor Makarov, control the company. To read the full description, subscribe now.
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    Key ITERA Group Ltd. Financials

    Company TypePrivate

    Single Location
    Fiscal Year-EndDecember
    Annual Sales (mil.)$22.6

    ITERA Group Ltd. Executives

    8 executives listed for ITERA Group Ltd.'s Moscow,  location.
    TitleName & BioContact
    ChairmanIgor MakarovNetwork
    Vice ChairmanValery OtchertsovNetwork
    General Director and Chairman, Management BoardVladimir MakeevNetwork

    Competition

    Competitive Landscape for ITERA Group Ltd.
    Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.
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