Medvedev to hold session of Presidential Council on Strategic Development on TuesdayRussian Politics & Diplomacy October 25, 1:49
Moldovan court issues warrant for arrest of opposition figureheadWorld October 25, 1:33
Ukraine’s prosecutor general seen as possible successor to President Poroshenko — MPWorld October 25, 0:23
51 ceasefire violations reported in Syria in past day — Russian reconciliation centerWorld October 24, 23:32
Two Ukrainian cities support initiative for broader status of Russian languageWorld October 24, 23:31
Russian Baltic Fleet’s training ship Smolny ends its visit to GreeceMilitary & Defense October 24, 21:23
Diplomat: US needs alleged attack on Russian ministry website to hype up cyberwar topicRussian Politics & Diplomacy October 24, 21:03
IOC confirms talks between Thomas Bach and Russia’s whistleblowing couple StepanovsSport October 24, 20:34
Scottish rockers Nazareth will record album with new vocalist in 2017Society & Culture October 24, 20:23
MOSCOW, December 30. /TASS/. Bashneft Polyus, a joint venture of Russian oil firm Bashneft with the country’s largest privately-held oil producer Lukoil, has signed a contract worth over $800 million for oil supplies from a major Arctic deposit, Bashneft said on Tuesday.
The contract worth $898 million for oil supplies has been signed for twelve months until December 31, 2015.
Bashneft Polyus intends to produce 900,000 tons of oil at the Trebs deposit next year. Eventually, oil extraction at the deposit will reach 4.5-5 million tons annually.
Bashneft won a tender in 2010 to develop the giant Trebs and Titov deposits in the Russian Arctic with reserves of 140 million tons and later involved LuKoil as a partner in the project.