Lukoil to invest further 820 mln rubles in Perm territory in 2014
MOSCOW. Dec 2 (Interfax) - Lukoil will invest a further 820 million rubles in projects in the Perm territory next year, according to a protocol the oil company signed with the territory.
Lukoil's president Vagit Alekperov, and Viktor Basargin, the territory's governor, signed the protocol, Lukoil said in a press release.
The most important projects of the year will be building a facility to refine oil residue at the Perm Oil Refinery, completing the reconstruction of a gas processing facility and construction of a second associated petroleum gas processing line at the Perm Gas Processing Plant, and the modernization of Lukoil filling stations in Krasnokamsk.
The regional government, within the bounds of federal and regional resource use legislation, will participate in organizing and holding auctions for mineral resource exploration and extraction rights required to carry out hydrocarbon field exploration and development work, and within the bounds of the Russian Land Code help Lukoil to secure land, including for construction of filling stations in the region.
Lukoil and Perm Territory signed a framework agreement on economic and social cooperation in December 2010.