Thomson Reuters, leading media and information analytic multinational, on November 14, 2013 announced the acquisition of Kortes, a leading Russian energy and commodity information provider for an disclosed amount. This combination will solidify Thomson's coverage of Energy and commodity market in Russian Federation and Commonwealth of Independent States.
Russia is often coined as "Energy Superpower". Country has the world's largest natural gas reserves, eighth largest oil reserves, second largest coal reserves. Russia is world's leading natural gas exporter and second largest producer, apart from being largest oil producer and exporter. In Energy front, Russia is third largest electricity producer and fifth largest renewable energy producer.
Russia is often coined as "Energy Superpower". Country has the world's largest natural gas reserves, eighth largest oil reserves, second largest coal reserves. Russia is world's leading natural gas exporter and second largest producer, apart from being largest oil producer and exporter. In Energy front, Russia is third largest electricity producer and fifth largest renewable energy producer.
Kortes was established in 1991 to provide insights in Russian oil market. Over the years it has established itself as most reliable and comprehensive information and analytics provider for oil, gas and energey market. Company provides price monotoring, company profiling, statistics, market studies of whole energy and oil market of concerned region. Kortes has over 400 subscribers which includes news agencies, state organizations apart from oil and energy companies from over the globe.
With this acquisition Thomson Reuters has expanded its wings in Russian commodity and energy sector. This will be incorporate in company's financial market desktop Eikon. This will give Eikon a further move on, which already provides real time insights to over 20,000 financial professionals.
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