Support The Moscow Times!

LUKoil Unlikely to Appeal

It doesn’t make sense to dispute the decision not to admit LUKoil to the tender for the Trebs and Titov oil fields, vice president Leonid Fedun said Wednesday. “It’s futile to argue with the state,” he said, adding that this was his personal opinion.

“It’s a great shame, of course, because we were technologically the best-prepared for this,” Fedun said.

Only Surgutneftegaz and Bashneft were admitted to the tender that takes place Dec. 2, reports said, following the first meeting of the tender commission on Sept. 27. Six companies registered to bid and paid the fee. 

(Interfax)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.