Board of OAO “LUKOIL” approved the energy conservation program for 2010 and for the period 2010 - 2012. The program of energy conservation measures are presented in 48 Subsidiaries “within the business sectors of the oil and gas production in Russia, gas processing, oil refining in Russia and abroad, Petrochemicals, Petroleum in Russia and abroad, electricity and transportation.

Document, in particular, provides for optimization of technological processes, the introduction of new energy efficient technologies and equipment. In 2010, pilot projects will be the reconstruction of pump systems, pressure maintenance, the widespread introduction of gate drives for centrifugal and screw pumps, electricity production from renewable energy sources and based on the combined sources of energy - heat and electricity.

The Program will allow the 2010 to save about 700 mille95ion KW. h of electricity, more than 320 thousand Gcal. thermal energy, as well as nearly 52 thousand tons of conventional boiler and furnace fuel. In the current year through energy efficiency measures the company plans to generate savings of $ 2.166 billion rubles, the report said LUKoil.

During 2010-2012 years realization of energy saving program will allow the group “LUKOIL” to save more than 2.35 billion kW. h of electricity, more than 970 thousand Gcal of thermal energy, as well as 213 thousand tons of tons of boiler and furnace fuel. In monetary terms, the company plans within three years in a savings of $ 9.203 billion rubles.

“Energy Saving Program for 2010-2012 is an important step in achieving the company”s goals - reducing energy intensity by 20% in the coming years that will enhance the competitiveness of our company,” - said President of OAO LUKOIL Vagit Alekperov.
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