Chukotka Agreement Signed
Business Petersburg, 11 JUN 1997
The Economical Cooperation Agreement has been signed between "Baltic Financial and Industrial Group" (BFIG) and Chukot Autonomous Area Administration. The main goal of the cooperation is purchasing, processing of crude oil, storage and sales of oil products in the North of Russia.
After the agreement was signed experts of both sides should prepare the joint projects and set up a Joint-Stock Company, which would realize this projects. For instance, the oil products delivery for Chukot Autonomous Area, the joint reconstruction and employment of the ports, the exploration of gas and oil fields in Chukotka.