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Russian government may auction license for strategic Trebs and Titov oil fields

The government may auction a license to the strategic Trebs and Titov oil fields this year at a starting price of 17.5 billion rubles ($566 million).

Russian government may auction license for strategic Trebs and Titov oil fields

The government may auction a license to the strategic Trebs and Titov oil fields this year at a starting price of 17.5 billion rubles ($566 million), Federal Subsoil Resource Use Agency head Anatoly Ledovskikh said Thursday.

The agency is also seeking to sell the Naulskoye field this year, Ledovskikh said. The paperwork has been submitted and is pending government approval, he said.


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