“RussNeft” and “Monolit” have launched the first stage of а power plant at the Nizhne-Shapshinskoye oilfield in KhMAO

The launch of the power plant is the most important stage of the joint project within the frames of the memorandum signed in March 2008 between OOO “Monolit”, OAO NK “RussNeft” and Salym Petroleum Development N.V. (SPD) on setting up a complex for utilization of associated petroleum gas (APG) and generating facilities, total capacity 44 MW.
Putting the power plant into operation will fully provide for electric power demand of Shapshinskaya group of oilfields of the producing company of OAO NK “RussNeft” – OAO NAK “Aki-Otyr”. Implementation of the project  will permit to reduce substantially hazardous emissions into the air and will promote rational utilization of the natural raw material – associated petroleum gas. At that commercial efficiency of the project will be gained by way of selling extra power to other consumers.
Besides,  together with the power plant the joint project includes construction of a gas processing plant (GPP) at Zapadno-Salymskoye oilfield and two pipelines connecting GPP and the power plant. Implementation of this project will permit to reach the level of 95% APG utilization in conformity with license agreements of the companies SPD and OAO NAK “Aki-Otyr”.
RussNeft’s structure encompasses 21  producing plants, 3 refineries, an oil terminal, a modern distribution  network of gas filling stations The company’s plants are located in 14 regions of Russia and the CIS. Annual production volume in 2009 reached the level of 12.7 million tons. Annual throughput of the refineries amounts to 7.5 million tons. The total volume of retailing of oil products through the own distribution network of “RussNeft” amounted in 2009 to 580 thousand tons. OOO “Monolit” i integrated into the group of companies is a company  specialized in managing construction projects and exploitation of complexes for processing of associated  petroleum gas (APG).
The company participates in several projects for APG utilization at the territory of KhMAO having total annual volume of processing more than 800 million cub.m. The total; sum of investments in the progects implemented by the company is USD 350 million.