(MENAFN- Trend News Agency) Oil production at the Marine XII project in the Republic of
Congo, where Lukoil is among participants, can grow to 1.7 mln
metric tons per year, Vice President of Lukoil Ivan Romanovsky told
reporters, trend reports citing tass .
'The Marine XII project is producing 1 mln metric tons of oil
and 1.5 bln cubic meters of gas per year. The plateau of 1.7 mln
metric tons of oil and 5.5 bln cubic meters of gas is planned at
the next development stage,' the top manager said.
Lukoil has already invested $955 mln in the Marine XII project,
Romanovsky said. 'We plan to invest $1 bln more. Total investments
in the Marine XII will amount to $1.96 bln,' he added.
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