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. Last Updated: 07/27/2016

Oil Deal With West Set

MOSCOW (x) -- A consortium of Western oil companies is expected to sign by the end of September a deal with the Russian government to develop a major oil field in the Timan-Pechora region of northern Russia, a news agency reported.

Interfax quoted officials of the Nenetsky autonomous region, where the field is, as saying that the $58 million deal could be signed in less than a month.