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Gold/Mining/Energy : LUKOY The largest oil company in the world LukOil unknown

LUKOY 6.960

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Dec 29 4:00 PM EST

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To: Fred Levine who wrote (843)	7/26/2001 7:48:07 PM
From: Fred Levine	Read Replies (1) of 914

Kazakh-Russian oil line delayed ALMATY - The opening ceremony of the Caspian Pipeline Consortium's crude oil pipeline from Kazakhstan to Russia has been put back from August 6 and no new date has been set, a Kazakh government official said on Thursday, according to Reuters. The official said the Kazakh authorities had been officially notified of the delay by CPC. "Now it has been postponed. To what date is not known," he told Reuters. The consortium's Moscow office was not immediately available for comment on Wednesday morning. The pipeline is the first linking Kazakhstan's vast crude reserves directly to international markets. The 1,510 km pipeline, with an initial capacity of 560,000 barrels per day, connects Kazakhstan's huge Tengiz field with the Russian Black Sea port of Novorossiisk, Reuters reports. CPC told Reuters earlier this month that because of delays in getting the oil from Tengiz to Novorossiisk, the first tanker would not load until the end of August, although the opening ceremony had been set to go ahead on August 6 despite this. fred

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