Lukoil commissions export pipeline in Egypt

By OGJ editors

HOUSTON, Oct. 21 -- Lukoil Overseas Holding Ltd. has put into operation a 100 km oil pipeline connecting Khurghada, Egypt, to General Petroleum Co.'s Ras El Bikhar terminal and the Geisum terminal at Gebel Az Zeit on the country's western Red Sea coast.

The $8 million pipeline is designed to transport as much as 24,000 b/d of oil from the West Esh El-Mallaha (WEEM) block, which produced 545,200 tonnes of oil in 2003.

Construction of an oil processing facility and additional drilling are scheduled for 2005.

Lukoil Overseas holds 50% of the concession, on which the discovery was made in January 1998.

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