Russia oil firms face heavy fines for gas flaring
Russia oil firms face heavy fines for gas flaring MOSCOW (Reuters) - Russian oil companies are facing fines of hundreds of millions of dollars or more for polluting the atmosphere with excess amounts of flared gas, the newly appointed resources minister said on Saturday. Russia, the worlds top energy producer, set a target for oil companies not to flare off more than 5 percent of the associated petroleum gas (APG) they produce as a byproduct of crude extraction by 2012. Sticking to the previous governments policy, Sergei Donskoy told TV channel Russia 24 the threatened fines were in the "tens of billions of roubles" range. ... //news.yahoo.com/russia-oil-firms-face-heavy-fines-gas-flaring-142808685--finance.html
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