Support The Moscow Times!

Polish Oil Invests in Russia

Petrolinvest signed a preliminary agreement to buy a 50 percent stake in Bogorodskneft, based in Saratov, the company said Tuesday.

It plans to complete due diligence by the end of 2010. Bogorodskneft, which will extract about 1 million barrels of oil this year, plans to increase production to 3 million barrels.


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.