LUKoil will begin developing the Dostyk block oil deposits on the Kazakh shelf of the Caspian Sea. The company's press service reported that LUKoil President Vagit Alekperov announced plans to begin prospecting and developing the Dostyk block. LUKoil will likely invest around USD three billion on the project.
Analysts say that the oil company's projects in Azerbaijan and Kazakhstan will be the most successful over the middle-term. Investment company Troika Dialog calls Kazakhstan the most promising region of business activity for LUKoil over the middle-term. Aton company says the Caspian Sea project promises profits because of the large unexplored oil reserves and low cost of excavating.
LUKoil is the largest Russian investor in Kazakhstan. Over the last eight years, it has invested more than USD 1.5 billion in that country's economy. At the present time, LUKoil is participating in seven oil and gas projects in Kazakhstan. The primary source of activity by LUKoil is the prospecting and excavating of oil and gas, production and realization of oil products. In the first half of 2003 the company has profits of USD 2.36 billion, which is 2.8 times more than for the same period in 2002.
World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020 - their further exploitation is unprofitable
The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.
Pentagon officials said that Russia has developed a very powerful weapon, which Western specialists have already dubbed as the "doomsday weapon"