(LUKOIL) -- Vagit Alekperov, President
of Lukoil, and Eduard Khudainatov, President of Rosneft, in the presence of Igor
Sechin, Deputy Prime-Minister of the Russian Federation, signed an Agreement on
Long-term Cooperation between the two companies, in Moscow.
In view of the efficient and mutually beneficial cooperation on gas
transportation from the Vankorskoye field and the Bolshekhetskaya Depression and
also the logistics of hydrocarbons supply from the fields of the Nenets
Autonomous District and the exploration operations on the shelves of the Caspian
Sea and the Sea of Azov, Lukoil and Rosneft are going to look into opportunities
of expanding cooperation in areas of exploration, field development and
transportation of hydrocarbons from the license areas of the Nenets Autonomous
District; geological exploration in the license areas of Rosneft on
Russia’s shelf and development of fields already discovered; developing the
market of home-produced petroleum products, petrochemicals, products of gas
processing and oils; etc.
The parties agreed to establish joint working groups in the above areas
before May 15, 2011.
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