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Gold/Mining/Energy : LUKOY The largest oil company in the world LukOil unknown -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (881)	10/15/2001 10:28:25 AM
From: Fred Levine	Read Replies (1) \| Respond to of 914

15:53 [Monday 15th October, 2001] First Kazakh-Russia CPC oil being shipped MOSCOW - The first oil is being loaded at port from the new Kazakhstan-Russia pipeline, built by the Caspian Pipeline Consortium (CPC), after several months of delay, an oil industry source said on Monday. The source, who declined to be identified, said a tanker was already being loaded with oil from the $2.5-billion pipeline at the Russian Black Sea port of Novorossiisk. The 1,580-km (980-mile) pipeline, from Kazakhstan's giant Tengiz oilfield, had originally planned to open in June, but customs and technical problems caused a delay. A formal announcement about the first oil being shipped is expected to be made at an 0800 GMT news conference by U.S. Commerce Secretary Don Evans, visiting Moscow with a delegation of U.S. businessmen. The news conference will also be attended by the head of the CPC group and other top officials. CPC is led by U.S. oil major Chevron . It unites the governments of Russia, Kazakhstan and Oman as well as Russia's LUKOIL and other top oil companies. /Reuters/ fred