Moscow’s Arbitration Court will hear the case on June 28, according to a posting on its website. Rosnedra had canceled an order that allowed Bashneft to transfer the field licenses to its venture with Lukoil, Bashneft said in a May 22 statement.
Bashneft set up Bashneft-Polyus to develop the licenses and agreed to sell Lukoil 25 percent of the venture for 4.77 billion rubles ($146 million) last year. Lukoil agreed to sell 29 wells at the deposits to the venture for $60 million.
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