Lukoil & Rostec Draw up Cooperation Plan

Source: www.gulfoilandgas.com 6/3/2021, Location: Asia

Sergey Kochkurov, Vice President for Oil and Gas Production in Russia of PJSC LUKOIL, and Dmitry Lelikov, Deputy CEO of Rostec State Corporation, met at the St. Petersburg International Economic Forum. They defined the development strategy for their joint activities envisioned by the current Cooperation Agreement.

The parties plan to launch joint projects in a number of domains: oil and gas production, petroleum products transportation, fine chemistry, technologies of recycling and utilization of oil-containing waste.

The companies will also join efforts to develop Russian digital technologies, such as technological processes management systems and oil and gas infrastructure monitoring systems that employ unmanned aerial vehicles.

Rostec and LUKOIL intend to create a joint venture for aircraft refuelling in Zhukovsky Airport (Moscow region).

The partners agreed to cross purchase goods and services: energy efficiency equipment, production management systems, fuels, lubricants and petrochemicals (including, but not limited to motor oils, hydraulic oils and gas turbine lubricating oils).

The companies will also share their best available technologies for protection of the environment, emergencies prevention and response.


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