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Ramazan Abdulatipov and Igor Sechin sign agreement on cooperation between Daghestan and "NK "Rosneft" JSC

27 May 2014 11:23 Posted in:  POLITICS Source :  RIA"Dagestan"
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Makhachkala, May 27, 2014. At the 17th St. Petersburg International Economic Forum, Daghestani Head Ramazan Abdulatipov and President of the open joint stock company "Rosneft" Oil Company" ("NK"Rosneft") Igor Sechin signed an agreement on cooperation between Daghestan and the company for 2014-2018, says the press service board of the Daghestan Head and Government’s Administration.

The main points of the agreement are: implementing programs to increase hydrocarbon production on land, working out programs for developing the Caspian Sea shelf, realizing the program of providing Daghestan with oil products, and developing Daghestan’s social infrastructure.

It should be noted that Daghestan’s total hydrocarbon on-land reserves are estimated to be 16.7 million tons of oil and 110.86 billion cubic meters of gas.

To implement the program of developing the shelf, they established a working group comprising people from "NK "Rosneft" JSC, Daghestan Institute of Geology, and Daghestan ministry of industry who by the end of their work have identified the most promising areas of Daghestan sector of the Caspian shelf for further geological studies.

In addition to implementing industrial and financial programs, "NK"Rosneft" JSC also plan to build a kindergarten in Yuzhnosukhokumsk town. The parties also agreed on dealing with a number of other social facilities.



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