Lukoil's Entry Into Trebs And Titov Should Speed Up Development

BMI View: Lukoil has acquired a 25.1% stake in the Trebs and Titov fields in Russia from Bashneft after having been disqualified from the auction of the fields in December. While Bashneft will benefit from Lukoil's entry in the project, particularly thanks to the latter's infrastructure assets in the area, the partnership with a state-favoured company could prove advantageous for Lukoil.

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