Kazakh President and Russian Lukoil discuss cooperation
Azerbaijan, Baku, Feb. 4 / Trend E. Kosolapova/
Kazakh President Nursultan Nazarbayev has received the president of Russian oil company Lukoil Vagit Alekperov, the presidential press-service reported.
Within the meeting, Nazarbayev said that Lukoil is Russia's largest investor in oil and gas sector of the country. Nursultan Nazarbayev also stressed the need to strengthen cooperation and develop interaction in different spheres of the economy.
Alekperov in turn said Lukoil has invested $7 billion in Kazakhstan's economy and works actively in various projects now. One of these projects is the construction of a lubricants plant in the Southern Kazakhstan which capacity will hit up to 100,000 tons annually.
Lukoil has been working in Kazakhstan since 1995. The company participates in seven Kazakh mining projects, as well as in the Caspian Pipeline Consortium.