 | Lukoil to invest $50mln this year |
Lukoil is expected to invest $50 million in its Azerbaijan partner projects and raise the number of service stations, Lukoil president Vagit Alakbarov told AssA-Irada Tuesday.
According to him, the sum is sufficient to maintain the company's share in Shah Daniz, Yalama and Zykh-Hovsan projects and to build 5-7 gas stations this year.
Mr. Alakbarov said EIA work on Yalama prospect is underway. In his words, the Shelf-7 drilling rig will be upgraded to start working on Yalama in 2004.
The Lukoil president said that he welcomes the recent Azeri-Turkish gas deal. Asked about the Baku-Tbilisi-Ceyhan MEP, he said he would share his view after the anticipated oil reserves are confirmed.*
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Issue: March, 27, 2001
OFFICIAL INFORMATION
"No backing off from Caspian division principles", says president
PARLIAMENT NEWSAzeri embassy to open in Romania
ECONOMICSLukoil Board of Directors meets in BakuImishli-Parsabad line put into serviceLukoil to invest $50mln this yearAzeri, Finnish automobile workers about to agree on int’l projectLand distribution drawing to a closePassenger turnover upPopulation hard currency deposits up
CULTURELecture on French-Turkish literary relations due in Baku
MISCELLANEOUSChernobyl veterans address President
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