The net income of LUKoil Overseas Holding Ltd., a subsidiary of the Russian oil giant LUKoil responsible for international exploration and production operations, increased 78.3 percent in 2002 against 2001 to $174.75m, which was 20.3 percent more than planned, the subsidiary's public relations department reported. These results were presented at a meeting of the company's board of directors. Income before taxes increased 93 percent to $331.93m, which was 12.2 percent more than planned, and the sales revenue totaled $1.387bn in 2002, three times more than in 2001.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year