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News
EBRD and Japan promote Sakhalin environmental programme
Monday, 6/24/2002 |
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FOR IMMEDIATE RELEASE
Contact in Moscow: Richard Wallis
Tel: +7095 787 1111
E-mail: WallisR@mos.ebrd.com
EBRD and Japan promote Sakhalin environmental programme European and US firms to help Russian on-shore oil producer -------------------------
The European Bank for Reconstruction and Development and Japan have joined forces to help Sakhalin’s dominant on-shore oil and gas producer, Rosneft Sakhalinmorneftegas (R-SMNG), apply international industry standards in managing environmental and safety issues.The programme will help R-SMNG implement an Environmental Action Plan to which the company committed as part of a $90 million corporate loan provided by the EBRD last year.The aim is to help prevent future environmental damage and incidents, achieve a high level of environmental and safety management, and encourage transparency. The funding is mainly being provided by the Japan-Europe Co-operation Fund under a special EBRD programme -- with the balance coming from R-SMNG. Peter Reiniger, EBRD’s Business Group Director for Energy, said the project was another example of the EBRD`s policy to promote environmentally sound practices in the Russian Far East, which has became a strategic region for international oil and gas development. Reiniger welcomed decision of the Japanese government to make funding available for this project, calling it an important contribution to regional co-operation.The two-year programme will focus, in particular, on areas such as oil spill prevention, waste management, health and safety, staff training and increased communication with the public on environmental issues. The IT Group, a leading European environmental firm in cooperation with the American environmental consultancies PCCI and EnSafe, will assist R-SMNG, including on ways to improve oil spill prevention and response plans. R-SMNG’s parent company, Rosneft, will participate in the training programme and thus be able to adapt the techniques of this pilot project for its other subsidiaries.The Japan-Europe Co-operation Fund has provided over €140 million to the EBRD’s Technical Co-operation Funds Programme (TCFP). This represents over 18 percent of the total and makes Japan the TCFP’s largest single contributor.
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The EBRD aims to foster the transition from centrally planned to market economies in central and eastern Europe and the Commonwealth of Independent States. It is owned by 60 countries, the European Investment Bank and the European Community.Visit the EBRD’s website at: www.ebrd.com |
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