G7 summit kicks off in ItalyWorld May 26, 13:55
Kremlin spokesman says Russia stands with UK in war on terrorRussian Politics & Diplomacy May 26, 13:13
Russia looks for traces of extra-terrestrial life forms on ISS surfaceScience & Space May 26, 13:04
Press review: NATO's anti-terror Trump card and US' Syrian civilian body countPress Review May 26, 13:00
Russia warns NATO against military buildup along eastern borderRussian Politics & Diplomacy May 26, 12:01
Russia to sell over 360 cutting-edge helicopters by 2030Military & Defense May 26, 11:37
Trump’s limo too big to fit through Royal Palace gates in BrusselsWorld May 26, 11:18
Russian ambassador says Paris remains important partner for MoscowRussian Politics & Diplomacy May 26, 10:20
Siberia’s forest fires quadruple to engulf 30,000 hectaresWorld May 26, 9:45
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.