RUSSIA OIL FLARE
April 1st, 2003
KEITH NUTHALLAN INITIATIVE to transform natural gas burnt off in Russia's oil fields into electricity and consumable heat has been developed by the European Bank for Reconstruction and Development (EBRD). It is granting a six year US$80 million loan to a key subsidiary of Russia's Lukoil group - CSJC Lukoil-Perm - to help it cut gas flaring to 20 per cent by 2005, compared with 52 per cent at typical Russian oilfields. Instead the gas will be converted into energy in the Perm region of the western Urals, which has been hit by supply problems in recent winters. ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.