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News // Oil and gas worldwide

Truth Fighters

11 March 2001 , 10:05361
The tender for the exploration of the oil-field group ?Hamburgers` Swell? is being organized not in accordance with the auction principle. The special commission will decide in favour of one of the participants on the basis of the analysis of different essential factors. Leonid Fedun, LUKOIL first vice-presedent, said the company would sue the Administration of the Nenets Autonomous okrug if the license were transferred to a small, ?not known company? and not in accordance with the economic motives, since the scheme of license granting in connection with the group of oil-fields ?Hamburgers` Swell? is rather doubtful in terms of objectivity and legality.

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