OREANDA-NEWS. Vagit Alekperov, President of LUKOIL, and Veniamin Kondratyev, Head of the Krasnodar Territory Administration (Governor), signed a 2016-2021 cooperation agreement between the company and the territory as part of the 15th International Investment Forum, in Sochi today.

Under the agreement, the company will meet the demand of the territory for key petroleum products, cooperate on joint social and economic programs aimed to raise local employment and develop regional infrastructure, build new filling stations and overhaul those in operation.

In return, the territory administration will support LUKOIL in its investments and other economic activities in the region.