Tatneft says it, Allur to invest 21 bln rbl in Kazakh tire JV

MOSCOW, Dec 30 (PRIME) – Russian oil company Tatneft and Kazakhstan's Allur will invest 3.5 billion rubles in a 20.9 billion ruble tire joint venture (JV) in Kazakhstan, Tatneft said in a statement on Wednesday, a day after it signed the deal with the government of Kazakhstan, Allur Tyres, KamaTyresKZ and group Allur.

The sides will establish a highly-technological manufacturing of car components, including a tire plant in Kazakhstan.

(73.6567 rubles – U.S. $1)

End