LUKOIL signs cooperation agreements with local authorities of Basra Province in Iraq

The Agreement provides for the expansion of economic relations between the municipalities and the company, cooperation in the rational use of natural resources, environmental protection and improving the standards of living of local communities, in particular by encouraging contractors to employ local personnel for West Qurna-2 project.

In addition, in 2013 the company will finance construction, improvement and upgrade of a number of health, sports and educational facilities as well as a program to support small businesses. LUKOIL has already built a number of sports grounds, purchased furniture and equipment for 32 schools and medical equipment for the municipal clinic. LUKOIL assumed all these obligations guided by the principles of the socially-responsible business.