OREANDA-NEWS. Today environmental risks insurance coverage of the Company amounts to 15 billion dollars. In accordance with the new environmental program LUKOIL plans to spend about 1.7 billion dollars till 2010.

For instance, specific indices of environmental impact for the Company are on average 1.5-2 times lower than industry average indices for the Russian Federation. Over the last decade, the use of associated petroleum gas has risen from 73% to 79%, over 4 million tons of hazardous waste have been treated, over 8,380 km of pipelines have been overhauled, 2,752 slurry ponds have been liquidated, 3,270 ha of oil contaminated land have been resoiled.

A steady trend in waste reduction has been an issue for several years now. Waste treatment volumes outnumber waste production output by far. Thus, in 2006 the excess amounted to approximately 120 thousand tons.

At present, all main subsidiaries of the Company are in possession of ISO 14001 and OHSAS 18001 compliance certificates.