Lukoil Signs Cooperation Agreement with Krasnoyarsk Region

Russian independent oil firm Lukoil reported Wednesday that its president, Vagit Alekperov, has signed a cooperation agreement with the governor of Russia's Krasnoyarsk Region in eastern Siberia, Victor Tolokonsky.

Alekperov and Tolokonsky discussed issues of cooperation between the company and the regional government to do with the development of the East Taymyr block – a license for which was granted to Lukoil in December 2015.

The cooperation agreement signed Wednesday sees Lukoil provide financial support for the construction of a boarding school for 250 students in Nosok village and a building that will host recreational facilities.

Alekperov commented in a company statement:

"We consider it as an opportunity for development in a region which is new for Lukoil. And, to some extent, it is a historical event for us since we never had any projects in East Siberia before."

Tolokonsky added:

"Development of this oil block by Lukoil is a very big and important project for Taymyr and for Khatanga town, in particular. As early as at this preliminary stage, new jobs will be created here, additional industrial facilities will be established. All that will facilitate the development of the infrastructure and transportation, including sea routes."



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