In 2014 "Bashneft" and LUKOIL are going to invest 18 billion roubles in development of Titov and Trebs.

In 2014 the capex of the Trebs and Titov development partners - "Bashneft" and Lukoil - may reach 18 billion roubles, according to Denis Stankevich, FEO "Bashneft", in a conference call on Wednesday.

"In 2014 our capex forecast is - 15 billion roubles in Brownfield, 18 billion roubles – are investments in Trebs and Titov, 15 billion roubles - for processing and commerce" - Stankiewicz stated. He explained that in 2014 the said Trebs and Titov amount of costs in the Nenets Autonomous District is the total volume of investment partners in the project - "Bashneft" and LUKOIL.

According to the presentation of "Bashneft" to the conference call, in 2013 the company's capital expenditures amounted to 30.4 billion roubles. Previously, the company had planned 45 billion roubles for these purposes.