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Energy Blast – April 18, 2011

A tie-up between Bashneft and LUKoil will allow the former to start construction work on the Trebs and Titov oil fields: ‘The use of LUKoil infrastructure speeds up the pace for production.‘  Some of BP’s shareholders are pressing it to increase the pace of its asset sales (pressing it to drop $30 billion worth, or half of its current holdings) to make the company more dynamic.  Rosneft’s Vankor oil field is to lose its tax break.  Kazakhstan’s state oil and gas company, KazMunaiGas, doubled its year-on-year profits for 2010.