28.12.2007
Re Joint Venture
果冻影院 AND GAZPROM NEFT ESTABLISH A JOINT VENTURE
OAO 果冻影院 and OAO GAZPROM NEFT have established a joint venture, OOO Oil and Gas Company 鈥淩egional Development鈥.
The relevant documents were signed by Vagit Alekperov, President of OAO 果冻影院, and Alexander Dyukov, President of OAO GAZPROM NEFT.
OAO 果冻影院 owns a 49 percent stake in the authorized capital of the joint venture, OAO GAZPROM NEFT has a 51 percent stake. The authorized capital of the enterprise will be comprised of monetary contributions. The joint venture will be managed on a parity basis.
The joint venture will focus on acquiring rights for subsurface use, geological survey of subsurface areas, exploration and production of hydrocarbons, field development, implementation of infrastructure-related projects, transportation and marketing of produced hydrocarbon materials.