Russian Oil Company Rosneft Sets Energy Efficiency 5 Year Plan

Energy Efficiency 5 Year Plan,Russia,press release

Energy Efficiency 5 Year Plan- ( Solar Thermal Magazine ) – Russia’s state-owned oil giant Rosneft has approved a 5-year energy efficiency program that will shave more than 35 billion rubles ($1 billion) off its costs, the company said in a statement published on their website Friday.

Announcing the plan, Rosneft boasted that its previous 5-year efficiency plan, which ran to 2013, had saved the company 12 billion rubles ($344 million).

Besides being Russia’s number one oil company, reporting revenues of 4.7 trillion rubles ($135 billion) last year, Rosneft is also one of Russia biggest energy users, accounting for over 3 percent of Russia’s total electricity consumption.

Under the new 5-year-plan, Rosneft will introduce a system of energy management and international certification to reduce power expenditure in its 36 most energy-consuming subsidiaries. Less aggressive measures will affect all of Rosneft’s 96 subsidiaries.

Source: http://www.themoscowtimes.com/business/article/rosneft-to-save-1bln-through-energy-efficiency-5-year-plan/500332.html

ST Staff Writers About ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.