Russian minister floats auction for Caspian blocks eyed by Lukoil

Though terms of proposed auctions may be tailored to provide a better chance of winning for Lukoil, the company may have to compete with heavyweights like Gazprom and Rosneft

Thorny road: Tyuleny Island in the Russian sector of the Caspian Sea, near the Republic of Dagestan
Thorny road: Tyuleny Island in the Russian sector of the Caspian Sea, near the Republic of DagestanPhoto: MOYA-PLANETA.RU
Published 17 February 2020, 19:35Updated 17 February 2020, 19:35