Yukos expresses interest in buying Turkmen oil

Published November 30th, 2000 - 02:00 GMT

The Russian oil group Yukos has discussed possible deliveries of Turkmen oil to Samara with President Saparmurat Niyazov, the Neutralny Turkmenistan newspaper reported on Wednesday. 

 

Yukos head Mikhail Khodorkovsky had "made a request for the purchase of oil and condensate", during talks with the Turkmen leader, the newspaper reported. 

 

"We need this raw material for the Samara oil refining complex," in Russia, Khodorkovsky told the newspaper, although he did not reveal the quantity Yukos was looking to acquire. 

 

The oil would be transported to Samara via tankers across the Caspian Sea, he was quoted by the newspaper as saying. 

 

The newspaper noted the company's possible participation in the oil and gas sector in Turkmenistan, in the exploitation of hydrocarbons on the Turkmen shelf of the Caspian sea, the reconstruction of an oil refinery and the export of oil products to Iran. 

 

Turkmenistan produced 7.4 million tonnes of oil in 1999, of which 1.5 million tones was exported. It produced 6.1 million tones during the first 10 months of this year. 

 

Russia has become the main export destination for Turkmenistan for the first time for several years, according to official figures for the first 10 months of 2000. 

 

Some 45 percent of Turkmen exports, particularly gas, goes to Russia.—AFP. 

©--Agence France Presse. 

 

© 2000 Mena Report (www.menareport.com)

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