Support The Moscow Times!

Bashneft Invites Partners

Bashneft, controlled by billionaire Vladimir Yevtushenkov’s Sistema, plans to invite Rosneft and LUKoil to cooperate on developing Arctic fields Trebs and Titov it won in a tender Thursday.

Bashneft may invest $5 billion to $6 billion in the fields, which will produce about 10 million tons of oil a year, board member David Yakobashvilii told reporters Friday. Bashneft will spend less if a partner joins, he said.


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.