Terra Resources Appoints New President
Over the last 15 years, Mr Salop has served as president, managing director, and in other high level executive positions in major Russian enterprises engaged in oil investing, production, trading, transportation, manufacturing, and equipment sales.
Mr Salop has served as 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, Mr Salop has served as 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, Mr Salop was in charge for equipment realization and transportation, and at Silver Capital, he managed export of industrial and oil field equipment.
Terra Resources controls and operates licenses to explore and develop approximately 85,000 acre concessions in the Republic of Kalmykia, located in the Russian Federation, just west of Kazakhstan, and part of the North Caspian Sea Basin which is regarded as one of the richest oil and gas regions world-wide.
The companyâ€™s fields contain 64 wells, of which 62 were producing wells, drilled over 40 years ago during the Soviet Era.
Charles Salisbury, director and secretary of Terra Resources, said: â€œMr Salop's passion, vision, and proven leadership experience in the oil and gas industry in Russia make him an ideal choice to lead Terra Resources.â€
Will Mr Salop's experience benefit the firm?
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