Lukoil to increase investments in Kazakhstan

Jan 19, 1998 01:00 AM

Lukoil wants to boost total investment in the republic of Kazakhstan to $ 740 mm by 2000 from $ 300 mm at present. Lukoil plans to double its stake in the Kazakh Tengizchevroil project. Together with its partner in LukArco, Arco, it currently has a 5% stake in the $ 20 bn project.

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