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Gazprom Neft Concluded Cooperation Agreement with Yamalo-Nenets AD for 2007

JSC Gazprom Neft and Administration of Yamalo-Nenets Autonomous District concluded a cooperation agreement for 2007 on March 7, 2007 in Noyabrsk.

The agreement was signed by Alexandr Dyukov, President of JSC Gazprom Neft, and Yuriy Neyelov, Governor of the YNAD.

The Cooperation Agreement for 2007 is concluded within the framework of the general cooperation agreement between JSC Gazprom Neft and the government of the YNAD for 2006-2008.

The funds provided under the agreement will be used for implementation of socio-economic development programs of towns and villages in the YNAD.

In particular, the agreement provides for housing construction, improvement and renovation of existing buildings, improvement and construction of sports grounds, construction of a swimming pool and the Ethnic Cultural Center as well as rendering support to agricultural communities and indigenous peoples of the YNAD.

Alexandr Dyukov, in his capacity of the Chairman of the Board of Directors of JSC SIBUR-Holding, has also discussed with the region’s governor implementation of the petrochemical company’s investment projects in the territory of the Yamal Peninsula.

”Gazprom Neft and SIBUR are not just interested in maintaining their business in the YNAD but will also strive to expand it,” Alexandr Dyukov pointed out. “Our companies are very much concerned about further socio-economic development in the regions of their presence and the agreement that has been signed today is just the right contribution to such development”.