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Lukoil considers Caspian region most promising for company

June 17, 19:55 UTC+3 ST. PETERSBURG
Crude production at the Kashagan field (in Kazakhstan's section of the Caspian Sea) is "the zone of Lukoil’s strategic interests"
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© Ruslan Shamukov/TASS

ST. PETERSBURG, June 17. /TASS/. Russia’s oil major Lukoil considers the Caspian region the most promising for the company, President Vagit Alekperov told TASS Friday.

"I think the Caspian is the most promising," he said, adding that it also has "the highest priority" for Lukoil.

On Thursday Alekperov said crude production at the Kashagan field (in Kazakhstan's section of the Caspian Sea) is "the zone of Lukoil’s strategic interests."

Eni, Royal Dutch Shell, Exxon Mobil, Total, Kazmunaigaz, China National Petroleum Corporation (CNPC) are involved in the field’s exploration.

As was reported earlier oil production is expected to start there in October 2016.

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