Middle East

Rosneft

Russia’s largest oil producer Rosneft said on Tuesday that its board of directors approved a new strategy by 2030 with the aim of achieving net zero emissions by 2050, ahead of President Vladimir Putin’s deadline. Stated.

Climate scientists say the balance between the greenhouse gases we emit and the greenhouse gases removed from the atmosphere must be zero by 2050 to prevent catastrophic levels of global warming. increase.

Russia, not the world. 4 Greenhouse gas emitters, however, say they are targeting carbon neutrality by 2060.

Rosneft, with a nearly 20% stake in BP, has achieved its emission targets “through many actions” such as low-carbon power generation, elimination of routine gas flaring, energy savings, and carbon capture and storage technologies. Said. ..

By 2025, the share of natural gas in total hydrocarbon production will increase to 25% as part of efforts to reach that goal.

Rosneft, run by President Vladimir Putin’s close ally, Igor Setin, is expected to more than double its free cash flow by 2030 by achieving a set of strategic goals. He said he was.

The “Rosneft-2030” strategy also targets the annual production of 330 million tonnes of oil-equivalent hydrocarbons, he said.

Increased production is driven primarily by major Vostok oil projects, large new projects (including Russkoye, Yurubcheno-Tokhomskoye, Severo-Danilovskoye, Severo-Komsomolskoye fields), and gas projects (Rospan, Kharampur, etc.). increase.

(Report by Vladimir Soldatkin, edited by Jason Neely and Barbara Lewis)

https://www.oedigital.com/news/493002-rosneft-sets-goal-to-achieve-net-zero-emissions-by-2050 Rosneft

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