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ANK Bashneft' OAO and NK Lukoil set up exploration joint venture-Interfax


Monday, 14 Apr 2014 11:10pm EDT 

ANK Bashneft' OAO:LLC Vostok NAO Oil Company was included in the list of the affiliates of Russian oil company Bashneft on April 11, Bashneft materials show-Interfax.Bashneft told Interfax that Vostok NAO is an equally owned joint venture between Bashneft and Lukoil that is being formed to conduct joint exploration at the companies' licensed blocks in the Nenets Autonomous District.The new company was registered at the beginning of April and it is planned to disclose the details about the JV's operations after each of its shareholders completes the necessary corporate procedures, a representative of Bashneft said. 

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