OREANDA-NEWS. Vagit Alekperov, President of OAO LUKOIL, and Rustam Minnikhanov, Prime-Minister of Tatarstan Republic, signed a cooperation agreement between the Government of the Republic and the Company.

Among other things, the agreement implies cooperation of the Parties aimed at improving efficiency of Tatarstan fuel and energy complex, providing mineral resource base development, as well as ensuring an efficient use of natural resources and regular supply of fuel and lubricants to companies, institutions and community of the Republic.

The parties intend to cooperate in the sphere of geological exploration of reserves, hydrocarbon production and refining, development of petroleum products supply system as well as production and social infrastructure.

The agreement comes into effect the day it is signed, covers relations of the Parties since January 1, 2007 and remains in force till December, 2011.