RusEnergy

RBC, 26.02.2007, Moscow 09:26:13.LUKoil will not surrender its option to purchase 20 percent in the Kharyaga oilfield and will exercise it in court if required, LUKoil's President Vagit Alekperov told RBC in an interview. He also added that LUKoil was still in talks with other participants of the consortium over the project and was considering its economic expediency. Although the project's economic conditions are unfavorable, the company will not abandon the project, Alekperov said. In addition, Alekperov also gave his opinion about the construction of the Kharyaga-Indiga oil pipeline with a capacity of 12m tonnes. Alekperov believes that before making billion dollar investments, the resource base should be distributed and Transneft guaranteed that the volume required to load the pipeline's capacity would be supplied.