OREANDA-NEWS. April 11, 2011. The Sun Group of India withdrew from ITERA Group Ltd. The deal is closed. The parties have neither reciprocal claims, nor unsettled disputes. Representatives of the Indian company also left the managing bodies of ITERA Group Ltd. Itera structures, in their turn, left JV Suntera for good. The parties expressed reciprocal satisfaction and interest to continue cooperation on individual promising business projects.

"It is not our plan to invite other partners into stockholders' equity of ITERA Group in the near future", - Igor Makarov, Chairman of the Board of Directors, stated. "Nevertheless, we continue partnership talks within the Oil and Gas Company of the Group", - he added.

ITERA International Group of Companies is a vertically integrated holding. It is one among the larger independent producers and sellers of natural gas in Russia. ITERA International Group of Companies includes 150 enterprises and companies in the CIS, Baltic States, Western Europe, Asia, Africa, as well as the USA. ITERA has been producing and processing hydrocarbons in Texas since 2003. ITERA is a shareholder of Latvijas Gaze and Eesti Gaze, the Baltic gas companies.