The parties will also co-operate on projects aimed at the prospecting and exploration of oil and gas fields in the region, oil and gas transportation and refining, as well as the supply of basic petroleum products to support the regional economy.
The company also intends to assist in technical upgrading of the regional fuel and energy sector by applying Russian equipment, and bringing in new technologies developed by regional enterprises and institutes.
The regional administration will help implement the company’s long-term projects to construct new industrial facilities and reconstruct the existing ones for petroleum-product transportation, storage and marketing; and also to extend the network of the filling stations which use non-cash settlement with clients and accept Lukoil fuel cards. The agreement will expire on December 31, 2012.
