OJSC "YATEC"

Open joint-stock company YATEC is the main gas producing enterprise in the Republic of Sakha (Yakutia), which holds licenses for commercial development of Srednevilyuysky and Mastahsky gas condensate fields, exploration and production of Mirny and Tolonsky hydrocarbons fields, as well as for geological studies for researching and evaluation of deposits within Tymtaydahsky site of Republic of Sakha (Yakutia). Natural gas reserves of C1 and C2 are estimated at 203 billion cubic meters, oil and gas condensate - 14 million tonnes. YATEC is the only gas supplying company in central region of the Republic of Sakha (Yakutia). The share of natural gas production of YATEC in the Republic of Sakha(Yakutia) is about 86%, company provides 100% of the demand of the capital of Republic, Yakutsk. Company annually produce 1.6 billion cubic meters of gas and 85 thousand tons of gas condensate. In terms of natural gas YATEC is one of the ten largest regional gas companies in Russia. Over the entire period of operation, YATEC delivered over 40 billion cubic meters of natural gas to it&＃39;s consumers. OJSC YATEC is part of the oil and gas unit of the Summa investment group. Summa Group is a diversified private holding with significant investments in the port logistics, engineering, construction, telecommunications, and in the oil and gas sectors. Our companies employ more than 10,000 people in almost 40 regions of Russia and abroad. Mr. Ziyavudin Magomedov is the founder and shareholder of the Group.