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17 August, Thursday

Ufa   °

Commission on Fuel and Energy Complex has considered amendments variants to the licence for Trebs and Titov oilfields

Business

Several variants of amendments to the licence for Trebs and Titov oilfields development, issued to Bashneft company were considered by the Government Commission on the Fuel and Energy Complex and Regeneration of the Mineral and Raw Materials Base the day before.

During the discussion it was decided «to consider additional materials and to conduct an absentee vote», it is said on the website of the Government of Russia.

Trebs and Titov oilfields are located in the Nenets Autonomous District of the Arkhangelsk Region. They are considered as one of the largest among the discovered continental oilfields in Russia. They are developed by "Lukoil" and "Bashneft" joint venture. The licence for geological survey, exploration and extraction is issued to JSOC Bashneft.

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