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NUR-SULTAN (TCA) — Russian oil company LUKOIL on April 3 said it has concluded a contract with Kazakhstan’s Ministry of Energy and national oil and gas company KazMunayGas for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and KazMunayGas) will be operator of the project.

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