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Tuesday, October 26, 2010

LUKOIL says to invest $100 mln in Turkey in near-term | Energy & Oil | Reuters

"LUKOIL says to invest $100 mln in Turkey in near-term
Tue Oct 26, 2010 7:18pm GMT

ISTANBUL Oct 26 (Reuters) - LUKOIL (LKOH.MM: Quote) plans to invest $100 million in Turkey in the near-term, the Russian oil company's president Vagit Alekperov told reporters in Istanbul on Tuesday.

The investment would take the form of expansion of its oil distribution network, oil terminals, and modernisation of its Izmit facilities on the Sea of Marmara coast."

More:LUKOIL says to invest $100 mln in Turkey in near-term | Energy & Oil | Reuters