As a result of the program, the commercial output of Tatarstan's oil and gas sector is expected to almost double to 258 billion rubles by 2008.
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Tatars Commit Impressive Investment
Commericial output expected to double as a result...
Tatneftekhiminvest holding, a managing body of oil and gas companies based in Tatarstan, has approved a U.S. $6.65 billion investment program in the republic for the years 2004-2008.
The program provides for two stages with $4.75 billion invested in 2004-2006 and $1.9 billion in 2007-2008.
A total of $3.3 billion should be spent on oil processing projects, $2 billion on oil producing and $1.4 billion on chemical and petrochemical projects.
As a result of the program, the commercial output of Tatarstan's oil and gas sector is expected to almost double to 258 billion rubles by 2008.
As a result of the program, the commercial output of Tatarstan's oil and gas sector is expected to almost double to 258 billion rubles by 2008.
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