Capitalizing on the successfully developing cooperation between the two companies and striving for improved profitability of existing projects, Rosneft and Lukoil agreed to combine efforts in the following areas:
- Exploration, development and transportation of hydrocarbons on the license areas in the Nenets Autonomous District;
- Exploration on Rosneft’s license areas on the Russian Arctic shelf and development of the already discovered fields in accordance with the Russian law;
- Development of the market for locally produced petroleum products, petrochemicals, gas derivatives and motor oils;
- Joint marketing of associated and natural gas from Bolshekhetskaya and Vankor fields;
- Reciprocal deliveries of petroleum products, liquefied gases and petrochemical products to distribution and production facilities of both companies;
- Joint search for ways to improve marketing of petrochemicals, gas and oil derivatives in Russia and abroad;
- Joint use of the existing logistical infrastructure, including crude oil, petroleum and petrochemical products export facilities; preparation and execution of petroleum products transportation projects, including the construction of a petroleum products pipeline to the "Moscow product ring" and the "South” project.