"LUKOIL-Beopetrol" set aside 750,000 EUR for mortgage loans

Oil compan y "LUKOIL-Beopetrol" has put 750,000 EUR in the housing fund of the employees during the past three years.

The loans, from these funds, have been approved to 110 employees - 27 for procurement of apartment or house and 83 for the adaptation and improvement of housing conditions.

When it bought "Beopetrol" in 2003, Russian oil company "LUKOIL" promised to put 250,000 EUR into the housing fund of the employees every year for the following five years, in the scope of the social program.