The Republic of Komi and PJSC LUKOIL have sealed the long-term partnership in the third protocol to the Cooperation Agreement between the company and the region
The corresponding document was signed on November 25 by Sergey Gaplikov, the Head of the Republic of Komi and Vagit Alekperov, the President of PJSC LUKOIL.
"In recent years the company has done a great job fulfilling all industrial and social obligations. From year to year the company’s participation in the region development is rising and the projects are expanded. New facilities are being built and opened in the republic and a serious help in various projects implementation is being lent. This is the result of our trustful and constructive relationships with the company management, shared vision and understanding of the cooperation prospects and solving common problems," said Sergey Gaplikov after protocol signing.
"We have developed constructive and mutually responsible relations with the Republic of Komi. The protocol we signed today imposes considerable financial responsibility to the company. But all these projects are well developed, and we are confident they will benefit the residents of the region," said Vagit Alekperov.
According to the protocol, the total amount of the company financial liabilities will exceed RUR 1.7 bln, including RUR 200 mln allocated in the social projects implementation.
As per document, the parties will continue long-term cooperation in order to raise the fuel and energy complex effectiveness, improve productive capacity aimed to increase tax base, employment growth and maintain social stability in the region.
The parties have also agreed to continue team work in the social infrastructure development and charitable actions and projects implementation. In particular, construction of residential houses in Yarega village and the town of Usinsk, as well as roads repair in Yarega will be continued as a part of this work.
Within the framework of the law and its own powers the Government of the Republic of Komi will facilitate the company in implementation of investment and other economic activities in the region.