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03 August 2020 The on-line newspaper devoted to the world of transports 17:24 GMT+2

March 24, 2000

LUKoil Strike's Oil In Caspian Basin

By Valeria Korchagina
Staff Writer

ASTRAKHAN, Southern Russia - After years of frustration, Russia has finally struck oil in its section of the Caspian Sea basin.

LUKoil, the nation's largest oil company, triumphantly proclaimed Thursday the discovery of a major new oil deposit some 350 kilometers southwest of Astrakhan.

The deposit harbors an estimated 300 ......

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