OREANDA-NEWS. In Saint-Petersburg Vagit Alekperov, OAO LUKOIL President, and Kirsan Ilyumzhinov, Head of the Republic of Kalmykia, signed a cooperation agreement between the Government of the Republic and the Company.

Among other things, the agreement stipulates cooperation between the Parties on exploration and development of new oil and gas fields, production and treatment of crude hydrocarbons, development of petroleum product supply system, technical and social infrastructure.

LUKOIL and the Government of the Republic of Kalmykia have also agreed to pursue joint research-and-engineering policy on integrating state-of-the-art equipment and technologies for hydrocarbon production, transportation and refining.

The Government of Kalmykia intends to assist LUKOIL in providing land plots for construction of production facilities, including complex gas treatment plants in Chernozemelsky District.