January 21, 2013
ITERA International Group of Companies Wins Prestigious Russian Honor
-- ITERA International Group of Companies has won the Company of the Year award in its native Russia. --
JACKSONVILLE, FL, January 21, 2013 /24-7PressRelease/ -- The latter half of 2012 has proven to be a busy season for ITERA International Group of Companies, but also a highly rewarding one. Still celebrating its 20-year anniversary, the company has been awarded with a prestigious national honor; ITERA has been selected as 2012's "Company of the Year" in the "Fuel and Energy" category, a national award that marks the highest honor bestowed upon Russian enterprises.
"That ITERA International Group of Companies would win such a distinct honor, right on the heels of our two-decade anniversary, is wonderfully affirming," notes the company, in a new statement to the press. "It is especially rewarding to receive such a high honor on the basis of our business acumen, but also our social responsibility--two crucial components of ITERA's identity."
Indeed, the Company of the Year honor is given each year to a company that is successful in its industry, but also one that has a positive social image and a reputation for good corporate stewardship. The winners of the award are selected by an Expert Council, comprised of local business leaders and government representatives, as well as established public figures. Some of the specific categories on which businesses are evaluated include Innovation, Professionalism, Market Activity, Financial Transparency, and Product Quality.
The selection of ITERA International Group of Companies as Russia's Company of the Year affirms ITERA's key position in the continued development of the nation's economy, and the establishment of its energy security. Indeed, ITERA International Group of Companies is one of the nation's leading providers of natural gas products and resources; in 2012, ITERA exceeded the level of 250 billion cubic meters of natural gas production.
The Company of the Year honor also takes into account the numerous social programs overseen and funded by ITERA International Group of Companies. The most public of these programs is the Flight of Hope endeavor, undertaken in an attempt to rescue a rare breed of Russian crane. Additionally, ITERA International Group of Companies has played a key role in developing the national cycling team.
ITERA International Group of Companies is a vertically integrated corporation founded in 1992, with dozens of enterprises in the NIS, Baltic States, Western Europe, Asia, and the United States.
Since 1994, ITERA's main business activity has been natural gas. Starting in 1998, Itera Oil and Gas Company, within the Itera International Group of Companies, has been expanding its own gas production in the Yamal-Nenets region of Russia and has invested over $2 billion into infrastructure. Overall, over 250 billion cubic meters of gas were produced at ITERA's gas fields. The total volume of gas sold by ITERA has surpassed 600 billion cubic meters. ITERA's strategic business developments are also reaching into development, biochemical, and power generating segments.
The American division of the company, ITERA USA, was founded in 1992. In addition to their work in the energy industry, ITERA USA has also found success in timber, real estate, and more. Itera always welcomes new ideas, and strives to build bridges between peoples and cultures through the implementation of quality energy solutions.
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