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Thursday, January 20, 2005

Conoco, Lukoil To Create JV

20.01.2005 9:32 [Neftegaz.ru] - Russian oil giant Lukoil and the US ConocoPhillips discussed Wednesday their plans for 2005, when the both companies are going to set up the new joint venture on the basis of Naryanmarneftegaz company, Lukoil said.
The company’s head Vagit Alekperov took part along with other top managers of both companies.
By 2008 200 thousand bpd are expected to be gushed out. The crude will be shipped to the Lukoil’s terminal at Barents Sea which capacity is assumed to be increased 240 000 bpd.

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