Today in Perm LUKOIL presented a draft of “Environmental
Safety Program for 2009-2013 and Forecast until2017”.
The
Program is aimed at improving the environmental management system and minimizing
the negative environmental impact caused by the Company’s
operations.
The
Program includes activities aimed at utilization of oil and associated gas,
realization of the Kyoto Protocol mechanisms, production enhancement of
environmentally friendly Euro 4 and Euro 5 compliant fuel, ensuring the
environmental impact is within the requirements of the national and
international legislation.
LUKOIL
Group Environmental Safety Program for 2009-2013 includes 494 activities
totaling RUR 57.5 billion.
Estimates
of LUKOIL experts suggest that the economic effect of the program realization
may come to over RUR 12 billion.
The
following
enterprises
of
the
Company
operate
in
the
Volga
Federal
District:
ÎÎÎ LUKOIL-PERM,
ÎÎÎ LUKOIL-Permnefteorgsintez,
ÎÎÎ Permneftegazpererabotka,
ÎÎÎ LUKOIL-Permnefteprodukt,
ÎÎÎ LUKOIL-Nizhegorodnefteorgsintez,
ÎÎÎ LUKOIL-Volganefteprodukt,
ÎÎÎ LUKOIL-Uralnefteprodukt,
ÎÎÎ Saratovorgsintez,
NGDU
TatRITEKneft.
The
amount of financing for the “Environmental Safety Program for
2009-2013” in the Volga Federal
District is expected to come to about RUR 10.3 billion.
The
following objectives are expected to be achieved upon the Program
implementation in the Volga Federal
District:
·
A
220.3 thousand
ton cut of pollutant emissions into the atmosphere;
·
Water
consumption decrease by 1.8 million cubic
meters;
·
A
5.5 thousand
ton cut of pollutant sewage discharge;
·
Rehabilitation
of 308 hectares of disturbed and contaminated
lands.
The
economic effect to be achieved upon program implementation in the Volga Federal
District may come to about RUR 500 million.
While
presenting the Program draft in the Volga Federal District, the Company also
conducted a dialogue with the general public within the framework of preparation
of the third Report of Sustainable Development in
2007-2008.
LUKOIL
intends to present the “Environmental Safety Program of the LUKOIL Group
organizations for 2009-2013 and the Forecast until
2017” draft to the representatives of government
organizations, the general public and mass media in all federal
districts of the Russian Federation where the Company operates by the end of
2008.
Presentation
of the Program for the Northwestern Federal District will take place in
Syktyvkar on November 19-20, 2008, for the Urals
Federal District – in Khanty-Mansiysk on November 27-28, 2008, for the Southern
Federal District – in Volgograd on December 4,
2008, for the Central Federal District – in Moscow on December 15-19, 2008.
Forward-looking
Statements
Some
statements of this press release and assessments of target figures are not
historical facts, but rather represent expectations or forecasts of future
events. Such terms as “consider”, “anticipate”, “expect”, “suppose”, “intend”,
“plan” and other words with similar meaning are intended to identify
forward-looking statements. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and specific, and risks
exist that the predictions, forecasts, projections and other forward-looking
statements will not be achieved. One should be aware that a number of important
factors could cause actual results to differ significantly from the plans,
objectives, expectations, estimates and intentions expressed in such
forward-looking statements regarding the future. Such factors include inflation,
interest and exchange rate fluctuations, oil price, political impact of the
Russian Government and changes ensuing from it, influence of competition in
regions of the Company’s presence and areas of the Company’s business activities
etc. The above-indicated list of factors is far from exhaustive. When relying on
forward-looking statements, you should carefully consider the foregoing factors
and other uncertainties and events, especially in light of the political,
economic, social and legal environment in which the Group operates. Such
forward-looking statements speak only as of the date on which they are
published. Given the unconditional observance of all standing obligations
imposed on OAO LUKOIL by the UK Listing Authority, the Company shall not
undertake to update or revise any of them, whether as a result of new
information, future events or otherwise. OAO LUKOIL does not make any
representation, warranty or prediction that the results anticipated by such
forward looking statements will be achieved, and such forward-looking statements
represent, in each case, only one of the many possible scenarios and should not
be viewed as the most likely or standard
scenario. 
