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Story: Russia will not oppose the ConocoPhillips and Lukoil joint bids for Russia’s oil and gas fields, reported Vedomosti and The Moscow Times, quoting Yury Trutnev. The Natural Resources Minister told the ConocoPhillips chief executive James Mulva that Conoco may participate freely in the auctions for the Russian fields, jointly with the leading Russian oil company Lukoil. Vedomosti, referring to newswire articles, reported that ConocoPhilips is eyeing projects in the Barents Sea. The government has conceded the possibility of ConocoPhillips participating in the Shtokman condensed gas project, the article said.

Source: Vedomosti, Moscow Times