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The renewed agreement reaffirms the labour and social commitments of one of the largest publicly traded Russian-based oil and gas companies, employing more than 100,000. Lukoil accounts for more than 2 per cent of the world's oil production and owns around 1 per cent of the hydrocarbon reserves.
IndustriALL general secretary Jyrki Raina signs a global framework agreement with Vagit Alekperov, president of Russian-based oil and gas company Lukoil in Moscow on 4 October.
The first company based in Eastern Europe to sign a Global Framework Agreement, OAO Lukoil is a major Russian oil and energy company. The GFA is signed with the IndustriALL-affiliated Russian Oil, Gas and Construction Workers Union (ROGWU).
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