Bashneft Kick-Starts Work on Trebs, Titov

Midsized oil company Bashneft won a crucial jump-start for its development of the lucrative Trebs and Titov oil fields Friday when it signed a cooperation agreement with LUKoil, which will receive a 25.1 percent stake in the project. “I have a personal love for Vagit and respect him deeply,” said Vladimir Yevtushenkov, billionaire owner of AFK Sistema, which controls Bashneft, of fellow billionaire and president of LUKoil, Vagit Alekperov. […]