Transneft

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Not to be confused with Russneft.
Transneft JSC
Type Public (OAO)
Traded as MCXTRNFP
Industry Oil and gas
Founded 1992 (1992)
Headquarters Moscow, Russia
Key people Nikolay Tokarev (Chairman)
Services Pipeline transport
Revenue Increase US$ 24.0  billion (2012)
Net income Increase US$ 5.9 billion (2012)
Owners Government of Russia (100%)
Employees 106,000 (2008)
Subsidiaries Transnefteproduct
Website www.transneft.ru

Joint Stock Company Transneft (Russian: Транснефть; traded as: MCXTRNFP) is a Russian state-owned transport monopoly, the largest oil pipeline company in the world. JSC “Transneft” is operating over 70 thousand kilometers of trunk pipelines.[1] It transports about 90% of oil and 30% of oil products produced in Russia, in addition to considerable volumes of crude hydrocarbons from the CIS countries. The company is headquartered in Moscow and led by Nikolay Tokarev.

History[edit]

Oil Transporting Joint-Stock Company Transneft was established by Decree of the Government of the Russian Federation No. 810 dated August 14, 1993 in pursuance of Decree of the President of the Russian Federation No. 1403 dated November 17, 1992. The founder is the Government of the Russian Federation. Transneft, JSC was registered by the Moscow Registration Chamber on August 26, 1993, certificate No. 026.800.[2]

Transneft's core business[edit]

  • pumping, coordination and management of pipeline transportation of oil and oil products via trunk pipelines across Russia and abroad.
  • comprehensive development of the oil trunk pipeline network and other pipeline transport facilities
  • coordination of steps for solution of scientific and technological progress issues in pipeline transportation, introduction of new technologies and materials.
  • cooperation with international pipeline transportation companies for the purposes of oil and oil products transportation in accordance with intergovernmental agreements.
  • raising funds for development of production capacities, expansion and rebuilding of Transneft subsidiaries’ facilities.
  • organization and provision of environmental safety measures at the locations of trunk pipeline transportation facilities.

Management[edit]

Board of Directors (As of July 2014):

  • Matthias Warnig (Chairman of the Board of Directors of Transneft, JSC)
  • Nikolay Tokarev (Chairman of the Management Board, the President of Transneft, JSC (professional attorney)
  • Oleg Viugin
  • Mikhail Grishankov
  • Valery Katkalo
  • Aleksandr Misharin
  • Kirill Molodtsov

Management board (As of July 2014):

  • Nikolay Tokarev (Chairman of the Management Board, the President of Transneft, JSC)
  • Maksim Grishanin (First Vice-President of Transneft, JSC)
  • Yury Lisin (First Vice-President of Transneft, JSC)
  • Mikhail Barkov (Vice-President of Transneft, JSC)
  • Boris Korol (Vice-President of Transneft, JSC)
  • Pavel Revel-Muroz (Vice-President of Transneft, JSC)
  • Vladimir Rushailo (Vice-President of Transneft, JSC)
  • Aleksey Sapsay (Vice President of Transneft, JSC)
  • Igor Katsal (Deputy Vice-President – Director of the Oil Transportation, Metering and Quality Department of Transneft, JSC)
  • Yury Kritsky (Director of the Oil and Oil Products Movement Department of Transneft, JSC)

Reliability and safety[edit]

Transneft’s key priorities include protection of life and health of the Company’s employees, provision of safe labor conditions and prevention of emergencies at dangerous facilities. The goals and objectives in the field of occupational health and labor safety are determined by “The Policy of JSC “Transneft” in the Field of Occupational Health” and “The Policy of JSC “Transneft” in the Field of Labor Safety”.

Striving to achieve these goals, Transneft adheres to the following principles:

  • compliance with the requirements of the Russian laws, international treaties of the Russian Federation, federal rules and regulations in the field of occupational health and labor safety;
  • providing employees with the means of individual protection against dangerous industrial factors adequate to the modern level of science and technology in the field of labor safety;
  • carrying out measures aimed at the improvement of reliability of the equipment in use and reducing emergency and accident risks at dangerous facilities;
  • planning and performance of activity aimed at reducing of industrial casualties and emergencies at dangerous facilities;
  • disclosure of important information related to occupational health and labor safety;
  • continuous improvement and enhancement of activities in the field of occupational health and labor safety.

The audits carried out by an international certification body confirmed the compliance of the Company’s occupational health and labor safety management system with the requirements of the international standard BS OHSAS 18001:2007 “Occupational health and safety management systems. Requirements”

See also[edit]

References[edit]

External links[edit]