Regional Partnership Agreements

LUKOIL abides by the principles of social partnership and views administrations of Russian districts and municipalities as its key partners in resolving social and economic problems existing in the areas where the Company has a presence.

A wide range of questions is addressed under these agreements: those related to economics, infrastructure, social questions, etc. and region-specific ones (such as support of the indigenous minorities of the North). PJSC LUKOIL holds regular meetings with the authorities of the regions to evaluate mutual performance of contractual obligations. LUKOIL complies with its obligations consistently, as confirmed by the surveys of its partners.

A substantial part of capital expenditure is invested into social infrastructure development in the regions, including construction and renovation of kindergartens, schools, sporting facilities, out-patient clinics and hospitals, cultural institutions and other socially significant facilities.

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