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. 


Read more

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

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.