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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 (898)	12/26/2001 3:19:29 PM
From: Fred Levine	Read Replies (1) \| Respond to of 914

LUKoil eyeing 7.5 pct stake in Baku-Ceyhan pipeline BAKU - The head of Russia's biggest oil producer LUKOIL said on Monday his firm could be interested in a 7.5 percent stake in the Baku-Ceyhan pipeline project and said the matter would be decided early next year. LUKOIL chief Vagit Alekperov, on a visit to the Azeri capital, told reporters any bid to participate in the transcaucasian pipeline must be agreed with LUKOIL shareholders. The Russian government owns a stake in LUKOIL. He said LUKOIL would determine its stand on participation in the first quarter of next year. Russian officials have called the Baku-Ceyhan project financially unfeasible, although analysts believed they viewed the U.S.-backed pipeline, which is to run from Baku through Tbilisi, Georgia, another former Soviet regional capital, and on to Turkey, as anti-Russian. Analysts and U.S. officials have noted flickers of Russian interest in the pipeline, however, and analysts say improving U.S.-Russian relations might foster Russian participation. /Reuters/ fred