YUKOS has decided to decrease the amount of its capital investments and operation expenses by about $700m in 2004 and delay payments of some taxes, the company reported. As a result, the company's planned oil output for 2004 will be cut from 90m tons to 86m tons, which is 6 percent higher than in 2003.
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For the time being, one needs to finish the construction of the section that is 100 kilometres long. On October 17, German Foreign Minister Heiko Maas said in an interview with RND that the project would be completed