Rus News Journal

" Gazprom oil " and LUKOIL have created joint venture

Open Society " Gazprom oil " and Open Society " LUKOIL " have created Open Company joint venture " the Oil and gas company " Development of regions " 4 realisation of projects in sphere of investigation and extraction of hydrocarbons, it is SPK in a MSG of the companies.

Corresponding documents have signed on Friday the president " oil Gazprom " Alexander Djukov and the president of LUKOIL Vahid Alakbarov.

Open Society Share " Gazprom oil " in a joint venture authorised capital stock Open Society share " makes 51 %; LUKOIL " - 49 %. The enterprise Authorized capital stock will be formed by money resources. Joint venture management is carried out on an equal footing.

entering into an authorised capital stock of joint venture of existing actives as LUKOIL, and " Earlier was supposed; oil Gazprom ".

the joint venture will be engaged in realisation of various oil and gas projects. In particular, the sphere of its activity will include acquisition of rights of use by bowels, geological studying of sites of bowels, investigation and extraction of hydrocarbons, arrangement of deposits, realisation of infrastructural projects, and also transportation and realisation of the extracted hydrocarbonic raw materials.

Alexander Djukov which words are resulted in a MSG, has declared that teamwork " oil Gazprom " and LUKOIL within the limits of the joint venture will contribute in expansion of area of presence of the companies, and also increase of efficiency of working out of new deposits.

" Joint venture of LUKOIL and " oil Gazprom " is the effective tool of mutually advantageous cooperation of the large Russian oil companies possessing in powerful industrial and financial potential 4 realisation of large-scale projects " - Vahid Alakbarov which words 2 are resulted in a press - release has told.

" Gazprom oil " and LUKOIL have signed in May the agreement on creation of the joint venture which will be engaged in working out of new deposits in Eastern Siberia and Timano - the Pechora province. At the first stage the enterprise will be headed by the representative of LUKOIL.

Open Society " Gazprom oil " is Open Society branch " Gazprom ". Cooperation between Open Society " LUKOIL " and Open Society " Gazprom " is based on the general agreement on strategic partnership on 2005 - 2014, signed in March, 2005.

In June, 2003 " Gazprom " and LUKOIL have on an equal footing founded joint venture " TSentrKaspneftegaz " 4 structure development " Central " in Caspian sea together with the Kazakhstan company " KazMunajGaz ". In October, 2003 " Gazprom " And LUKOIL have signed the contract on delivery by LUKOIL of gas from the Nahodkinsky gas deposit of the Bolshehetsky hollow in Jamalo - Nenets autonomous region.