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Thursday, October 27, 2005

LUKoil eyeing construction of Caspian gas & chemical complex

RBC, 27.10.2005, Moscow 15:53:10.Kazakhstani Prime Minister Danial Akhmetov has met LUKoil president Vagit Alekperov in Moscow today to discuss cooperation prospects. Alekperov presented LUKoil's project regarding the construction of a gas chemical complex in the Caspian region. Akhmetov considers this project to be beneficial both for Kazakhstan and LUKoil. The capacity of the complex is estimated at 14bn cubic meters of gas. Capital investments in the project will amount to USD3.6-3.8bn, Alekperov stated. LUKoil will make a definite decision on the project in 2006, Alekperov concluded.

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