Andrej Reus inherited the helm of Transneftproduct’s Board of Directors
On September 27, 2006, at the meeting of the Board of Directors of Transneftproduct OJSC (TNP), Adrej Reus, deputy Minister of Energy, was elected the Board’s Chairman. NGV agency reports. Deputy Chairman of the Board of Directors is now Vladimir Kuznetsov, deputy head of the Federal Energy Agency. We would like to remind, that before this meeting the Board was headed by Vladislav Surkov, deputy head of the RF President’s Administration.
Transneftproduct is a monopolist in transportation of light oil products. 100% of its stock is owned by thestate. Net profit of Transneftproduct (IFRS) grew in 2005 by 28.5% to 4.453 billion rubles. Company’s sales grew over the reported period by 13.6% to 13.911 billion rubles against 12.246 billion rubles.