Russian Oilfield  for Sale

Russian Oilfield for Sale

Russia will sell its last large oilfield in West Siberia early next year, a natural resources ministry official said, in an auction that could fetch as much as $1 billion. Erginskoye Oilfield, with an estimated reserve of 755 million barrels, could be auctioned in the first or second quarter of 2016, the ministry said, Reuters reported.


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