A UN Development Programme report released Monday warned that Russia would exhaust its oil reserves in just 21.9 years, due in part to the economy's notorious energy inefficiency.
The Board of Directors considered the progress with the work being done to provide insurance for the Unified Gas Supply System (UGSS) facilities and insurance coverage for the Company’s interests related to export gas supplies.
The Tugnuy surface mine has put into operation a Belaz-74306 haulage truck supplied as part of an investment program. The new machine will help to remove disabled 220 ton mine dump trucks from the pit.
Vagit Alekperov, President of OAO LUKOIL, was named one of the top three European oil and gas companies’ CEOs by portfolio managers (buy-side), as a result of the survey carried out by Institutional Investor magazine among investment society.
On April 22, an extended meeting will be held at the Target Subsidiary TNK-Uvat (a part of TNK-BP) with representatives from contractors. The participants of the quarterly meeting will review the results of work in the Health, Safety and Environment sector.
The Board of Directors of JSC RusHydro terminated the powers of members of the Company's Management Board Vasily Zubakin, Andrey Konovalov, David Kuznetsov and Yuri Sharov, and elected as members of the Management Board:
Gazprom progresses with building the offshore section of the Dzhubga – Lazarevskoye – Sochi gas pipeline in the Black Sea. The work is being done according to schedule.
TNK-ВР announced that company expenditures on environmental protection measures (excluding special projects) were over $180 million. As a result, the total amount invested in environmental protection was approximately $600 million over the last five years.
As part of the working visit of Russian President Dmitry Medvedev to Ukraine, Kharkov saw the signing of addenda to the natural gas supply contract between Gazprom and Naftogaz Ukrainy of January 19, 2009.
The opening of navigation on the Volga river has allowed the loading berths at the Uveksky oil terminal of Saratovnefteproduct and the Saratov Oil Refinery (part of TNK-BP) to begin 24-hour shipments of oil products for consumers.