OREANDA-NEWS. March 05, 2012. Rosneft and AVTOVAZ have signed a strategic partnership agreement aimed at joint implementation of a program to incorporate future Rosneft products into technology used in the production of LADA cars, reported the press-centre of Rosneft.

The agreement envisages long-term cooperation in the supply of quality oils, petrol and diesel fuel, as well as the development of new lubricants and oils.

The partnership between Rosneft and AVTOVAZ will be implemented within the framework of the two companies' long-term development programmes, with significant investment in research and production base development.

Commenting on the agreement, Rosneft President Eduard Khudainatov said: “By joining forces, the leader of the oil and gas industry and the largest Russian carmaker are opening up new horizons in developing the research and production potential of the two companies. It will result in consumers being offered products made to the highest standards. The Novokuibyshevsk Oils and Additives Plant is launching a new line of top-grade oils that meet car manufacturers’ latest requirements.”

“Cooperation with Russia’s largest oil company will help us increase production efficiencies and boost quality, while also providing a serious boost to the development of the oil and additives market. The resulting economic effect will allow us to provide additional support to the city in which our plant is based,” said AVTOVAZ President Igor Komarov.