LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally.
LUKOIL continues its work to reduce controlled greenhouse gas emissions at its production facilities. The Company began supplying electricity to its Stavrolen petrochemical plant (Budennovsk, Stavropol region, Russia) from LUKOIL's own solar power plant (SPP) located at its Volgograd refinery. About 11 million kWh are expected to be supplied annually.
Deputy Minister of Energy of Russia Pavel Snikkars, Governor of the Volgograd region Andrei Bocharov, First Executive Vice President of LUKOIL Vadim Vorobyov, and Chief Executive Officer of Hevel Group Igor Shakhray took part in today's opening ceremony of LUKOIL's 20 MW solar power plant (SPP) in the Volgograd region.
LUKOIL presented the environmental practices it engages in when developing offshore fields at the XXI Baltic Sea Day International Forum. Among other things, the presentation touched upon the "zero discharge" technology that had first been employed by LUKOIL in the Baltic Sea and, since then, this principle has become standard for all offshore projects of the company.
As part of its effort to minimize impact on water bodies of the Komi Republic, LUKOIL commissioned new water treatment facilities and commenced closed loop steam generation at its oil mines in Yarega, Pervomaisky and Nizhny Domanik settlements.
LUKOIL reports on raising a directed secured loan to finance revamping of the Krasnodarskaya combined heat and power plant (CHPP) as part of the national campaign for modernization of power generation facilities. Modernization of the CHPP will improve its performance and decrease CO2 emissions.
LUKOIL has stepped up in the CDP (Carbon Disclosure Project) international climate change rating by one notch and entered the C List, which resulted from developing the Company's carbon management system.
Head of the Republic of Komi Vladimir Uyba and representatives of Rosprirodnadzor and LUKOIL met in Syktyvkar today to discuss the ongoing damage control after the oil-containing fluids spill in the Kolva River.
LUKOIL finished reconstruction of the hydraulic structures making up the Krasnopolyanskaya HPP's hydropower complex in the Krasnodar region. The reconstruction made it possible to increase the volume of water that flows to the daily regulating pond from the mountain river of Beshenka.
LUKOIL entered the construction phase of the second stage of the solar power plant (SPP) project that is currently underway on the premises of LUKOIL's Volgograd Refinery.