Pipeliners

BRIEFLY 06.10.2005 IntelliNews Today - Naryanmarneftegaz, a joint venture of Lukoil and US ConocoPhillips plans to build a new oil pipeline in Yamal-Nenets Autonomous District. The investment cost is estimated at around RUR 9.13bn (USD 320mn). Currently, Naryanmarneftegaz is developing the Khyluchuyusskoye field in the Yamal-Nenets district. Lukoil holds a 70% stake in the joint venture, while ConocoPhillips possesses 30%. No date of the beginning the construction was disclosed. Naryanmarneftegaz expects over 3.7mn tons to be pumped through the 162-kilometer pipeline starting from 2007.