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  3. Transneft plans increasing of diesel fuel transportation to Primorsk to 25 mln t per year by 2018

2014 September 24   17:20

Transneft plans increasing of diesel fuel transportation to Primorsk to 25 mln t per year by 2018

Transneft is going to increase diesel fuel transportation to Primorsk to 25 mln t per year by 2018, IAA PortNews journalist cites Transneft's deputy vice president Vladimir Nazarov.

According to him, investments into the project are to total RUB 25-26 bln.

Transneft is Russian oil transporting state monopoly (78% of shares are controlled by the state) and the largest pipeline company in the world holding about 50,000 km of trunk pipelines. In 2013, net profit of Transneft calculated under Russian Accounting Standards climbed by 5.7% to RUB 11.26 bln.