Smetanin set an initial price on Rusia’s assets of $503 million and said bids should be submitted by 10 February for the auction, which is due to be held on 16 February.
Company assets include field development infrastructure, in-field pipelines, wells, powerlines and other support infrastructure built by Rusia since 1993 to help bring on stream, the field, which holds estimates recoverable reserves of 2 trillion cubic metres of gas.
In
