Major 10-year Lukoil-Gazprom JV ratified at SPIEF

Lukoil-Gazprom JV: Lukoil and Gazprom last week chose the St Petersburg International Forum as the backdrop for the signing of a 10-year agreement committing them to cooperation in the exploration, production, transportation and supply of hydrocarbons in the Nenets and Yamalo-Nenets Autonomous Areas, Russia’s continental shelf, the Caspian Sea, Eastern Siberia, the Far East and other regions in Russia and abroad. The two companies are also planning to coordinate geological exploration, share data, and develop data storage standards. ITAR-TASS, Kommersant