London-based Terra Resources Plc (Frankfurt: T31) welcomes Dmitriy Salop to its management team. Salop joined Terra Resources as president effective immediately.
Salop brings to his new role as president a strong background in the management of oil and gas assets in Russia, logistics, transportation, and government relations. During the last 15 years, Salop has held roles as president, managing director and other executive positions in major Russian enterprises engaged in oil investing, production, trading, transportation, manufacturing and equipment sales.
Recognized as an accomplished business executive, Salop was deputy general director of Ogo-Profit, a Russian based enterprise developing Russian national strategic reserves of oil. He was a senior executive at RayzInvest, an exporter of resources within the Russian Federation. Subsequently, Salop was general director of Arco Petroleum, setting the firm's global business agenda in oil and gas investments, oil product trading, government agencies, vendor, and trading partners' policies. As an expert and executive at ZAO Logovaz, Salop was in charge for equipment realization and transportation, and, at Silver Capital, Salop managed export of industrial and oil field equipment.
Terra Resources acquired substantial oil and gas concessions in the North Caspian Region, Kalmykia, Russia. The licensed territories encompass approximately 85,000 acres.
Recommended Reading
Diamondback’s Stice to Step Down as CEO, Van’t Hof to Succeed
2025-02-20 - Diamondback CEO Travis Stice, who led the company through an IPO in 2012 and a $26 billion acquisition last year, will step down as CEO later this year.
Viper to Buy Diamondback Mineral, Royalty Interests in $4.45B Drop-Down
2025-01-30 - Working to reduce debt after a $26 billion acquisition of Endeavor Energy Resources, Diamondback will drop down $4.45 billion in mineral and royalty interests to its subsidiary Viper Energy.
Rising Phoenix Capital Launches $20MM Mineral Fund
2025-02-05 - Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.
Alliance Resource Partners Adds More Mineral Interests in 4Q
2025-02-05 - Alliance Resource Partners closed on $9.6 million in acquisitions in the fourth quarter, adding to a portfolio of nearly 70,000 net royalty acres that are majority centered in the Midland and Delaware basins.
Diamondback Energy Appoints Industry Veteran Holderness to Board
2025-02-04 - Diamondback Energy has named Darin G. Holderness, who founded and served as CFO at P&A Exchange LLC and CFO at ProPetro Holding Corp. as a board of directors at the Permian Basin E&P.