Vagit Alekperov, OAO LUKOIL President, and Viktor Basargin, Governor of the Perm Territory (Perm Krai), signed a protocol on cooperation between the company and the territory for 2015. The document, executed in the presence of Mikhail Babich, authorized representative of the RF President for the Volga Federal District, is an integral part of the effective five-year Economic and Social Cooperation Agreement. The latter provides funding for a number of investment programs. In 2014, LUKOIL sponsored construction in the region of 15 infrastructural projects and 29 cultural facilities. Also, funds have been earmarked for 35 educational and 31 healthcare projects.