Ministry of Natural Resources gives warning to LUKoil

The Russian Ministry of Natural Resources has notified LUKoil of its intention to revoke licenses for developing 5 deposits in the Khanty-Mansy autonomous region of Russia, if the company does not stop violating license agreements. This decision has been made by a corresponding task force of the ministry, sources in the ministry told RBC. Moreover, similar notices are to be sent to three other companies operating in the region. These measures were caused by the fact that many deposits were not put into operation in due time.

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