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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 26 4:00 PM EST

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To: Fred Levine who wrote (882)	10/18/2001 7:03:41 PM
From: Fred Levine	Read Replies (1) of 914

LUKoil considers sharing in Baku-Ceyhan MOSCOW - Russia's oil giant is considering the possibility of participating in the Baku-Ceyhan project, LUKoil's vice president Dzhevan Cheloyants announced at a press conference today. He noted that British Petroleum, the main participant of the project, introduced an improved draft agreement on the pipeline construction to LUKoil. Cheloyants noted that this draft is more favorable for LUKoil than the previous one. Officials of the Russian oil company will make their final decision after they examine the new draft. /RosBusinessConsulting/ 07:43 [Tuesday 16th October, 2001] First oil loaded from Kazakh-Russia pipeline MOSCOW - The first shipment of crude from a giant Kazakh oilfield was loaded on a tanker in the Russian Black Sea on Monday via a new $2.5 billion pipeline, operator the Caspian Pipeline Consortium (CPC) said. The pipeline is the first to be completed since the fall of the Soviet Union to ship oil to Western markets from the Caspian Sea, where oil reserves are estimated to be similar to those of the North Sea. CPC is led by U.S. oil major Chevron. It also unites the governments of Russia, Kazakhstan and Oman with oil firms LukArco, Rosneft-Shell Caspian Ventures and Kazakhstan Pipeline Ventures LLC Mobil Caspian Pipeline Company. "I think that life has begun," Chevron vice president Richard Matzke told reporters at a news conference to greet the first shipment. CPC said it had done a trial tanker loading at Novorossiisk oil port on October 13 after months of delay and was now ready to start working properly. /Reuters/ fred

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