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Lukoil moves into mining after closing Uzbek financing
27 June 2012
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[lukoil]
[miga]
[Arkhangelsk ]
Lukoil has signed a cooperation agreement with the Arkhangelsk Oblast to exchange fuel oil for the right to develop mineral resources in the region. The mineral development rights include the V. Grib diamond mining project. Lukoil will construct the mine - at a cost of about $1 billion - and then sell it...
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