21 October 2005
Head of the State Nursultan Nazarbayev met with the president of “Lukoil” Russian oil company Vagit Alekperov.

“Lukoil” company is one of Kazakhstan’s biggest oil investors that invested 4, 500 billion dollars. It works at such largest projects as Caspian Pipeline Consortium, exploration of oil fields Tengiz, Karachaganak.

Last week the company bought 65 % of the equity and today it took possession of the company’s shareholder Nelson Resources Ltd that took part in the project on production of hydrocarbons in the western part of Kazakhstan.

Vagit Alekperov reported the President on the current projects in Kazakhstan and the future plans of the company concerning investment cooperation.

I am glad that our company’s activities in Kazakhstan has been positively appreciated. I want to especially note that such investments are put in the countries with political stability, guarantees for investors, legislation directed at attracting investments. For our part we guarantee new jobs. I am sure the President Nursultan Nazarbayev is currently a guarantor of stability in Kazakhstan, Vagit Alekperov emphasized.

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