Vagit Alekperov, President of OAO LUKOIL, and Eduard Khudainatov, President of OAO NK Rosneft signed on April 21st a long-term cooperation agreement, LUKOIL press release said.
LUKOIL and Rosneft are going to expand cooperation in exploration, field development and transportation of hydrocarbons from the license areas of the Nenets Autonomous District; in geological exploration in the license areas of Rosneft on Russia’s shelf and development of fields already discovered; in developing the market of home-produced petroleum products, petrochemicals, products of gas processing and oils; in joint marketing of associated and natural gas from fields in the Bolshekhetskaya and Vankorskaya zones, etc.
The parties agreed to establish joint working groups in the above areas before May 15, 2011.