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YUKOS reduces plan of oil output

23.08.2004 11:23
Russia

YUKOS has decided to decrease the amount of its capital investments and operation expenses by about $700m in 2004 and delay payments of some taxes, the company reported. As a result, the company's planned oil output for 2004 will be cut from 90m tons to 86m tons, which is 6 percent higher than in 2003.

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