OREANDA-NEWS. October 19, 2007. The Open Society "OC "Rosneft" in the I half-year 2007 has increased gas sales up 16% to 5.31 billion cube m. from 4.58 billion cube m. for the similar period of the last year.

In money terms gas sales have increased up to $154mln from $94mln. Increase in proceeds from realization of gas is connected with growth of volumes of realization, and increase in the prices up 36.8%.

In the II quarter 2007 gas sales have grown up 25.6% to 2,75mlrd cube m., proceeds from gas realization - up 70% to $75mln. Average sale price of the gas delivered by Rosneft in the II quarter, has grown up to 653 rbl. for one thousand cube m. ($25.25) from 548 rbl. for one thousand cube m. for the similar period of the last year.
 
We shall remind, that Rosneft on November, 28th, 2006 has signed the agreement on strategic cooperation with the Open Society "Gazprom". According to the document, Gazprom (including its affiliated companies) will buy at Rosneft (including its affiliated companies) the natural gas extracted over the level of extraction of 2006 (8.45 billion cube m.) on the deposits of Western Siberia connected with Uniform system of gas supply. The agreement on strategic partnership is concluded for the period for 2015 inclusive.