print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all LUKOIL Oil Company press releases

LUKOIL Oil Company

December 28, 2007

LUKOIL and Gazprom Neft establish a joint venture

OAO LUKOIL and OAO GAZPROM NEFT have established a joint venture, OOO Oil and Gas Company “Regional Development”.

The relevant documents were signed by Vagit Alekperov, President of OAO LUKOIL, and Alexander Dyukov, President of OAO GAZPROM NEFT.

OAO LUKOIL owns a 49 percent stake in the authorized capital of the joint venture, OAO GAZPROM NEFT has a 51 percent stake. The authorized capital of the enterprise will be comprised of monetary contributions. The joint venture will be managed on a parity basis.

The joint venture will focus on acquiring rights for subsurface use, geological survey of subsurface areas, exploration and production of hydrocarbons, field development, implementation of infrastructure-related projects, transportation and marketing of produced hydrocarbon materials.

‘The joint venture of LUKOIL and GAZPROM NEFT is an efficient tool of mutually beneficial cooperation between Russia’s major oil companies which possess a great production and financial potential required for implementing major projects’, Vagit Alekperov said.

Commented Alexander Dyukov: ‘Cooperation between GAZPROM NEFT and LUKOIL within the JV framework is going to expand the areas of both companies’ presence and enhance the efficiency of new field development’.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer