"Lukoil" and CNPC to invest $ 300 million in production in the Aral Sea.

In 2017 the consortium plans to start developing fields in the Uzbek part of the sea.

In 2017 the international consortium of Uzbek state company "Uzbekneftegaz", Russian "Lukoil" and China's CNPC planned to begin further exploration, construction and development of hydrocarbon fields in the Uzbek part of the Aral Sea, a source in "Uzbekneftegaz" told "Interfax". Until 2031 the partners would invest $ 300 million into the project, he stated, adding that this was the approximate amount of investment, the final cost of the project would be determined after the feasibility study.

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