Source Pravda.Ru

Ramco Makes 2001 Loss On Income Drop

Ramco Energy, a UK oil explorer, posted a loss in 2001 because of a drop in income from asset sales, it said that it may produce natural gas from a field off the Irish coast before the end of 2003. The company last month agreed to raise its stake in the Seven Heads field to 56.5 percent from 49 percent and has reached a preliminary agreement with Marathon Oil Corp. to pump the gas through its facilities. Supplies could reach the market before the end of 2003. “We're fairly confident there is a ready market for the gas,” said Steven Bertram, Ramco's finance director, in an interview. “The advantage of using existing infrastructure is there is far less work to be done.” The project in Ireland, where gas usage rose by over a sixth in the year 2000, is part of Ramco's plan to invest in a “politically stable” areas, this being after selling its interest in an Azerbaijan oil field and losing another in the Czech Republic. The company also provides services to oil companies.

Comments
Russia unveils the date for the launch of the superbridge to Crimea
Pentagon can not accept Russia's victory over terrorists in Syria
Putin: Russian servicemen return home from Syria as victors
Russian athletes announce their decision about 2018 Winter Olympic Games
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
European Court of Human Rights: Promoting filth and insolence
European Court of Human Rights: Promoting filth and insolence
European Court of Human Rights: Promoting filth and insolence
Russia to install laser navigation system on the Moon
Projects of Nizhny Novgorod automotive industry receive financial support worth 1 billion rubles
Russian general says allegations of his involvement in MH17 crash are stupid
Russian general says allegations of his involvement in MH17 crash are stupid
Italy: Free fall
Human Rights Day: Let us hang our heads in shame
Italy: Free fall
Italy: Free fall
Russia to install laser navigation system on the Moon