Lukoil plans to invest $360 million in oil and gas projects in Kazakhstan in 2011

Oil&Gas Materials 1 July 2011 18:34 (UTC +04:00)

Kazakhstan, Astana, July 1 / Trend A. Maratov /
The Russian "Lukoil" company intends to invest $ 360 million in oil and gas assets in Kazakhstan through its "subsidiary" - "Lukoil Overseas Service BV", Lukoil Overseas Service BV director Andrew Kirillov said in an interview with Trend.

"Last year our company invested about $360 million in assets in Kazakhstan," he said. "We intend to invest at this level this year."

He recalled that the investments amounted to about $ 6.5 billion for all oil and gas assets during all the years of Lukoil's activity in Kazakhstan.

At present, Lukoil Overseas is present in Kazakhstan in seven mining projects - Tengiz, Karachaganak, Kumkol, Alibekmola-Kozhasai, North Buzachi,. Karakuduk and Arman , three exploration projects - Atash, Zhambai and Zaburuniye and one infrastructure project (CPC) in the territory of Kazakhstan.