Zarubezhneft ranked first in the Russian oil and gas companies environmental responsibility rating

Zarubezhneft ranked first in the Russian oil and gas companies environmental responsibility rating

Russian oil and gas company Zarubezhneft ranked first in the “Oil and gas companies environmental information transparency rating 2020”. The rating results were announced online in the press-center of TASS. The company’s final grade amounted to 1.8234.

The rating was initiated by the consulting and analytical group CREON and the World Wildlife Fund (WWF). Their partners were the National Rating Agency and the UN environmental program with the support of the Ministry of Natural Resouces and Ministry of Energy of Russia. Zarubezhneft has been participating in the rating since its establishment in 2014.

This year the company became the leader of the rating improving its position of previous years. Zarubezhneft was able to achieve such results, inter alia, owing to the contribution of its partners – PetroVietnam, Total, Equinor – engaged in its main projects. “Zarubezhneft pays great attention to the environmental safety matters at all of its enterprises, - comments the General Director of Zarubezhneft JSC Sergey Kudryashov, - We are happy to head this rating which is so important for the modern oil and gas companies. The company plans on further improving its technological processes to achieve higher results in the area of environment protection”.

The rating organizers have highly evaluated the transparency level of Zarubezhneft during its tabletop exercise with engagement of public representatives, indigenous peoples, supervisory authorities and business partners, as well as its programs for conservation of biodiversity in the pandemic conditions. Zarubezhneft successfully implements the federal project “Biodiversity conservation and environmental tourism development” in the framework of the national project “Ecology” with its active participation in support and development of great white crane population. The company has also confirmed its environmental responsibility and transparency by being the first in Russia to obtain the comprehensive environmental permit at Kharyaga PSA in the framework of the federal project “Best available technologies integration” in 2019.

In 2021 Zarubezhneft plans on being the first Russian company to integrate the environmental information transparency rating methods this time at its foreign assets. The first one of them hall be Andijanpetro – a joint venture with the Uzbekistan national company Uzbekneftegaz. The organizers have noted the importance and soundness of such initiative for the purpose of further improvement of the environmental responsibility level of all participants of the oil and gas industry.

18 oil and gas companies took part in the rating 2020. The TOP-5 also included the following companies: Surgutneftegaz – 1.7635, Lukoil – 1.7521, Sakhalin Energy (Sakhalin-2) – 1.7304 and Exxon NL (Sakhalin-1) – 1.7009. The assessment parameters included the companies’ environmental impact per production unit, the degree of transparency and availability of environmentally significant information, the company’s activities compliance with the national environmental policy and global standards, the frequency of environment protection laws violations and the efficiency of mineral resources use.

For reference:
Zarubezhneft JSC is a Russian oil and gas company of strategic importance having rich history and unique 50-years long experience of external economic activities. Its projects include operations offshore Vietnam in the framework of the joint venture Vietsovpetro, development of fields in the Nenets Autonomous Area in the framework of the joint company RUSVIETPETRO and Kharyaga field PSA, application of technologies for the development of fields in Cuba and activities in the downstream segment in the Republic of Srpska (Bosnia and Herzegovina).