
Russian oil giant LUKOIL will start commercial production of diamonds at the Vladimir Grib kimberlite mine in the Arkhangelsk region, northwestern Russia, in October-November, the press service of the regional government told Itar-Tass on Wednesday. On Tuesday LUKOIL President Vagit Alekperov and Arkhangelsk region governor Igor Orlov made a working trip to the field. “The Grib Pipe is one of the world’s largest proven kimberlite pipes,” Alekperov said. “In October-November we should launch a processing plant and start the production.” This is LUKOIL’s first diamond development project. “We used best diamond development practices of Canada and other countries and brought in advanced equipment,” Alekperov said noting that the field will create around 3,000 jobs. “In fact, we are creating a new image of the Arkhangelsk region - we are becoming Russia’s diamond-rich province,” Arkhangelsk region governor Igor Orlov said. Alekperov and Orlov inspected the construction site of a future processing plant, a power generating unit and apartment buildings for employees. The LUKOIL president chaired a meeting on preparation of the field for commercial production. The Vladimir Grib kimberlite mine is located 130 kilometers northeast of Arkhangelsk. After the diamond plant reaches its designed capacity, the regional and local budgets will get over 1.5 billion roubles a year. The field’s reserves are estimated at 100 million carats. The total volume of investments is estimated at $850 million.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor