OREANDA-NEWS. On December 06, 2007 the President received president of the LukOil open JSC Vagit Alekperov, senior vice president of ExxonMobil Mark Albers and president and CEO of Arselor Mittal Lakshmi Mittal, reported the Official website http://www.akorda.kz.

During the meeting the sides discussed activities of the companies in Kazakhstan, plans on further increasing manufacture and details of investment projects.

Nursultan Nazarbayev noted the high level of cooperation between Kazakhstan and the Russian company LukOil. Currently, the company participates in 11 projects in the oil and gas sector of Kazakhstan. The company and its Kazakhstani partner KazMunayGas implement two promising exploration projects in the fields of Khvalynskaia and Centralnaia.

“Our work has been positively evaluated by the President. Today, there is a favorable investment climate in your country, and we plan to further develop our cooperation,” Vagit Alekperov said at a press briefing.

The President discussed with senior vice president of ExxonMobil Mark Albers issues and ways of developing joint projects in oil and gas industry.

President and CEO of Arselor Mittal Lakshmi Mittal informed the Head of State on plans to increase manufacturing in Karaganda, particularly, it is planned to double the production of profiled iron. Some 200 million dollars will be invested in this project.

“We also plan to increase the production of coal in Karaganda from 12 up to 17 million tons. On the whole, 400-500 million dollars will be invested in these projects. I also talked about the work done by the company in the areas of safety and ecology,” Lakshmi Mittal said at a press briefing.