President of LUKOIL Vagit Alekperov and Governor of the Nenets Autonomous District Yuri Bezdudny signed an additional Cooperation Agreement that provides for social development of the region. The meeting took place today at the St. Petersburg International Economic Forum.

LUKOIL and Gazprom signed the Master Agreement on the Terms of the Development of Vaneyvisskoye and Layavozhskoye fields, located in the Nenets region, Russia. The document elaborates on the necessary arrangements to commence hydrocarbon production at the fields.

A protocol to the Cooperation Agreement between LUKOIL and the Government of the Nenets Autonomous Okrug was signed in Moscow today. The document, covering the remainder of this year, envisages further interaction in such areas as geological surveys of the subsoil, production of oil and gas, supplies of petroleum products and development of the region’s production and social infrastructures.