Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bashneft, Lukoil Appeal Withdrawal of North Russia Field Rights

OAO Bashneft and OAO Lukoil’s Bashneft-Polyus venture appealed a decision by Russia’s subsoil agency, Rosnedra, to revoke development rights at the Trebs and Titov oilfields in northern Russia.

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.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.