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CORPORATE PARTICIPATION IN THE LIFE OF SOCIETYStipend programmesIn 2002, the Company began paying individual stipends for college studentsstudying petroleum and technology 13 . Currently, corporatestipends from LUKOIL of 700 and 1,250 roubles per month are paid to120 students in different cities.The Company plans to extend its support to high school students thusmaking it comprehensive. However, the high school programme is justbeginning to work. LUKOIL classes are to be opened at the MoscowGymnasium #45 as a pilot project. If the project proves a success, itwill be extended to other cities.The Company is open to social initiatives that promote career advancementof talented youths. One of those initiatives was the national festival"Roads of Hope", an inter-regional social project that helped youngmen and women from the regions and from socially vulnerable familiesenter colleges 14 .Teaching staff as a foundation for preservationof research schoolsIn 2004, the Company launched a new grants programme to supportyoung professors. The bidding resulted in an award of 45 grants to themost talented young professors of the leading colleges for petroleumstudies in Russia.Development of material and technical resources for collegesAssistance provided to colleges so that they could improve their trainingand technical resources allows them to conduct training on an upto-datelevel. The Company helps them purchase laboratory equipment.At the I.M. Gubkin Russian State Oil and Gas University LUKOILhelped open a training and research Centre for Geological Modellingof Hydrocarbon Deposits whose facilities are the most up-to-datein Russia. A petrophysics lab was equipped at the Perm StateTechnological University, and a training simulator for oil well overhaulwas purchased. The Ukhta State University of Technology receivedequipment for its oil and gas petrophysics laboratory along with a testbench used for practical training of specialists in deep drilling.13The list of colleges is published on the website www.lukoil.ru.14The Company awarded on a competitive basis 750 grants in culture, education, preschoolupbringing and health care.63