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Article: Statoil ready to allocate Arkhangelsk region over $3 mln.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- December 15, 2005
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Statoil ready to allocate Arkhangelsk region over $3 mln
ARKHANGELSK. Dec 15 (Interfax) - Norwegian oil and gas company Statoil is ready to allocate over $3 million to Arkhangelsk region under a memorandum of mutual understanding, to set up a network of service suppliers for the oil and gas sector in the region, and also to finance social, educational and ecological projects.
A source in the press service of the local administration told Interfax that Arkhangelsk region would receive most of this sum in 2006.
During the meeting of a management committee and working groups for the implementation of the memorandum, Statoil First Vice President ...