Lukoil inks Nenets exploration JV with Bashneft

摘要

Moscow—Lukoil has formed an exploration joint venture with fellow Russian oil company Bashneft to expand its upstream footprint in the Nenets autonomous region of northwest Russia, a Bashneft spokesman said Tuesday The companies will hold 50% each in the newly formed Vostok-NAO JV, a Bashneft spokesman said Tuesday declining to give any further details. Last week, Bashneft included Vostok-NAO in the list of its affiliated companies, according to company data.