The article discusses the problem of efficient use of associated petroleum gas (APG) in oil companies, in particular to reduce volumes of its burning on torches that makes negative impact on ecological, social and economic sides of society. Authors studied properties, characteristics and component composition of associated petroleum gas. It is noted that the value of APGas raw materials for gas and petro chemistry or as energetic gas defines its component structure, which is changed from a field to a field – depending on geological features field. Also in article the main directions of use of APG, the current state policy and national interests in the field of its rational use are considered. Authors carried out the analysis of a current state of the oil and gas market at the international and regional level as a result of which the main range of problems of effective use of APG in Russia is revealed. It is noted that the most significant factors, which provides the high level of burning of APG in Russia are: deficiency of capacities on APG processing, restriction of access of the oil companies to Uniform system of gas supply, gaps in the operating standard and legal base, lack of the uniform mechanism at the choice of projects of use of APG on a field/group of fields and price system in the oil and gas market. Authors of article developed the list of actions, both at the level of the state, and at the level of the company, which will reduce influence of factors, providing the high level of burning of APG in Russia, and increase level of associated petroleum gas use in Russia.