BAKU, Azerbaijan, October 7. Kazakh President
Kassym-Jomart Tokayev was briefed on the results of LUKOIL’s
current activities in Kazakhstan and the company’s plans for the
near future, according to the press service of the president of
Kazakhstan.
During the meeting in Astana with LUKOIL founder Vagit
Alekperov, the sides discussed further development of cooperation
within the framework of joint projects in the oil and gas
sector.
LUKOIL holds stakes in several major oil and gas projects in
Kazakhstan. According to information published on the company’s
official website, LUKOIL joined the Karachaganak oil and gas
condensate field project in 1997.
The field, located in Kazakhstan’s West Kazakhstan region, is
one of the world’s largest oil and gas condensate fields. The
project operator is Karachaganak Petroleum Operating B.V., with
LUKOIL holding a 13.5% stake.
LUKOIL also participates in the Tengiz project, which includes
the Tengiz and Korolevskoye fields in Kazakhstan’s Atyrau region,
about 150 kilometers from the city of Atyrau. The project operator
is Tengizchevroil LLP, with LUKOIL holding a 5% stake through
LukArco.
In addition, LUKOIL owns a 12.5% stake in the Caspian Pipeline
Consortium (CPC). The CPC pipeline runs from the Tengiz field to
Novorossiysk in Russia, crossing Kazakhstan’s Atyrau region and
four Russian regions: Astrakhan, the Republic of Kalmykia,
Stavropol Territory and Krasnodar Territory.
LUKOIL also operates the LUKOIL Lubricants Central Asia plant in
Kazakhstan’s Almaty region.
