LUKOIL has been operating in the Republic of Kazakhstan since 1995. The company has a number of onshore production projects under way, as well as the Caspian Pipeline Consortium (CPC). LUKOIL is the largest Russian investor in Kazakhstan: the company's cumulative investment in Kazakhstan's economy is around $7 billion dollars. LUKOIL's share in overall hydrocarbon production in Kazakhstan is about 10%.
The Kumkol field is located in Kyzylorda Region, 200 kilometers from the town of Kyzylorda. LUKOIL joined the project in 1995. Operator: AO Turgai Petroleum. Participants: LUKOIL – 50%, PetroKazakhstan Inc. – 50%. The field is being developed in accordance with the contract signed in April 1996 valid for 25 years.