international magazine
03 / 2005


Working under the news rules:
Lukoil strengthens foot in kazakh sector of Caspian



Persistence paid off for Lukoil on 14 March when it signed two upstream agreements on the Khvalynskoye and Tsentralnoye fields in Kazakhstan's sector of Caspian Sea. The deals were the first since the Kazakh government in early 2004 introduced new regulations for foreign companies seeking access to the country's natural resources. It is worth noting that the last deals under the old regulations were also struck by Lukoil, and covered the Tyub-Karagan and Atash offshore fields.