Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Transneft to Boost 2012 Spending on Pipe Upgrades, Interfax Says

Jan. 31 (Bloomberg) -- OAO Transneft, Russia’s oil pipeline operator, plans to increase spending on pipe modernization and maintenance by 10 percent this year to 94.2 billion rubles ($3.1 billion), Interfax said, citing company documents.

Transneft will boost investment in upgrades and technical re-fits by 13 percent to 84.7 billion rubles, while cutting money for capital repairs by 12 percent to 9.48 billion rubles, Interfax said.

To contact the reporter on this story: Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.