Putin proposes extending term of Russia's Central Bank chiefBusiness & Economy March 22, 21:49
Mayor says investigation into London attack is underwayWorld March 22, 21:16
Ukrainian radicals urge Poroshenko to nationalize Russian banks’ subsidiariesBusiness & Economy March 22, 20:51
Peru is back on 2018 Dakar Rally track alongside with Bolivia, ArgentinaSport March 22, 20:08
Three dead, twenty injured in London attack — policeWorld March 22, 19:59
Stadium in Russia's Dagestan to be named after pole-vault queen IsinbayevaSport March 22, 19:19
Top pilots to fly Su-30SM jets over Moscow on Victory DayMilitary & Defense March 22, 18:53
Russian design bureau ready to integrate BrahMos missiles into frigates for Indian NavyMilitary & Defense March 22, 18:50
London police say they are treating Westminster incident as terrorismWorld March 22, 18:45
The representative said ConocoPhillips had put its stake in the JV for sale as a non-strategic asset in the company’s global portfolio. He did not say however whether any company had demonstrated interest to this asset.
No comment has come from Russia’s Rosneft.
In the recent years, ConocoPhillips has dramatically decreased its investments in Russia. The company operates no fields.
Set up in 1992, Polar Lights is active in the Ardalin oil fields in the far northern Timan-Pechora basin. Initially, its recoverable oil reserves were estimated at 16 million tonnes. But Polar Lights is ranked a spent project, with oil production going down. Whereas in 2010, its oil output was about 761,000 tonnes, in 2012 it dropped to 567,000 tonnes.
The mass media reported in February 2014 that the U.S. company was planning to market its share in this asset.