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MD&A / Risk Management / Environmental Risks

Risks

Description

Risk management activities

ENVIRONMENTAL RISKS

Gazprom Neft’s operations have an inherent risk of damage to or pollution of the natural environment. This may give rise to civil law liability and require action to mitigate such damage. The Company is fully aware of its responsibility before the public, and its obligation to ensure safe working conditions and protection of the natural environment. The Company ensures that its operations comply with applicable environmental standards and that it implements environmental protection programs.

The environmental policy of Gazprom Neft aims to comply with the effective provisions of environmental regulations by investing considerable funds in environmental activities, including the use of technologies that minimize adverse impacts on the environment. As a result, risks related to environmental pollution have been greatly reduced.

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