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New Russia oil industry safety rules to boost modernisation

October 16, 2012, 15:29 UTC+3
The introduction of new regulations in the oil industry will make it possible to avoid additional investments worth about 100 billion roubles
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MOSCOW, October 16 (Itar-Tass) — Russian oil companies hope that they will be able to build new production facilities in accordance with new rules of industrial safety, Chairman of the Management Board and Chief Executive Officer of JSC Gazprom Neft Alexander Dyukov said on Tuesday at a meeting of the Expert Council at the Russian government, which considered the issue of improvement of legislation in the field of industrial safety.

“Russian oil and petrochemical industry workers very much hope that they will be given the opportunity to design and build new facilities applying new approaches and that they will be allowed to work on risk criteria,” he said. Dyukov added that the “colleagues abroad” are already working under such scheme.

In the view of the Gazprom Neft head, the adoption of amendments to Russia’s industrial safety legislation and the development of sectoral rules “will be a major step towards raising competitiveness of Russian companies and will accelerate the pace of modernisation of the RF economy in general.”

According to Dyukov, the introduction of new regulations in the oil industry will make it possible to avoid additional investments worth about 100 billion roubles, and the petrochemical industry workers by 2020 will be able to save up to 600 billion roubles in additional investment. Dyukov said that investments can be reduced by means, for instance, of cutting the excess redundancy of industrial facilities that are currently required under the existing rules and regulations, although new technologies make it possible to avoid this.

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