Last $2,487 USD
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As of 10:45 AM 01/28/14 All times are local (Market data is delayed by at least 15 minutes).

ak transneft oao-pref (TRNFP) Snapshot

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EX-Date
05/31/13
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ak transneft oao-pref (TRNFP) Details

Oil Transporting Joint Stock Company Transneft transport oil and oil products. It operates through three segments: Oil Transportation, Oil Product Transportation, and Oil Sales to China. As of March 31, 2014, the company operated 53,650 kilometers oil pipeline system in the Russian Federation; and 19,071 kilometers of oil products pipeline system in the Russian Federation, and the Republics of Belarus and Ukraine. It also sells oil in the People’s Republic of China. The company was founded in 1993 and is based in Moscow, the Russian Federation.

Founded in 1993

ak transneft oao-pref (TRNFP) Top Compensated Officers

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ak transneft oao-pref (TRNFP) Key Developments

Rosneft and Transneft Sign Tariff Agreement

Rosneft and Transneft have signed a tariff agreement as part of their joint project to construct a pipeline offshoot from the East Siberia - Pacific Ocean, or ESPO, trunk pipeline to the Komsomolsk Refinery. The offshoot design and construction will be financed by Transneft by means of the long-term tariff to be paid by Rosneft under the Agreement. The document was signed in elaboration of the 2012 Rosneft-Transneft Agreement for the joint construction of an offshoot to the Komsomolsk Refinery. The Agreement provides for the design and construction of a pipeline offshoot to the Komsomolsk Refinery (with external power supply facilities included) with an annual capacity of up to 8 million tons of oil. The long-term Tariff is scheduled to remain effective for 36 calendar months. The pipeline offshoot is intended to meet the requirements of crude transportation to the Komsomolsk Refinery, which is located in Komsomolsk-on-Amur. Rosneft will also supply up to 8 MTA into Transneft's trunk pipeline system to be delivered to the Komsomolsk Refinery. Most of the crude for the Komsomolsk Refinery is currently being delivered by the railway service. The pipeline will provide steady and secure supplies of growing crude volumes to the refinery. The pipeline offshoot will be built as part of the Transneft long-term systemic policy to develop a system of trunk pipelines as set out in the General Scheme for the Development of the Oil Industry in the Russian Federation and as part of a large-scale Rosneft refinery modernization program aimed to increase the volumes of high-quality product output.

Transneft Creates Joint Enterprise with Foreign Partners for Pump Production

Transneft is creating a joint enterprise with foreign partners for the production of pumps. The company signed founding documents with its foreign partners on the creation of a joint enterprise in Russia, in Chelyabinsk. This enterprise will produce pumps, the whole range that need, including what oil companies need and electric motors.

Transneft, JSC Commissions New Facilities

Transneft, JSC, has commissioned three oil pump stations (PS), which were built during the implementation of the first stage of the Eastern Siberia - Pacific Ocean Extension Project (ESPO PS-1). Due to the new facilities that were put into operation, the capacity of the first stage of ESPO PS-1 oil pipeline will increase to 58 million tons of oil a year.

 

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