Transneft

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Transneft JSC
Type Public
Traded as RTS:TRNF
MICEX: TRNFP
Industry Oil and Gas
Founded 1992
Headquarters Moscow, Russia
Key people Nikolai Tokarev (Chairman)
Products Oil pipeline
Oil & Gas logistics
Revenue increase US$12.5 billion (2009)
Net income increase US$4.3 billion (2009)
Employees 106,000 (2008)
Website http://www.transneft.ru/

Transneft (Russian: Транснефть) (RTS:TRNF, MICEX: TRNFP) is a Russian state-owned business responsible for the national oil pipelines. It was founded in 1993 and owns the largest oil pipeline system in the world, with a total network length of almost 50,000 kilometres (31,000 mi). Transneft transports about 93% of the oil produced in Russia[1]. The company is headquartered in Moscow and led by Nikolay Tokarev.

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[edit] History

Transneft was established in accordance with Presidential Decree No. 1403 dated 17 November 1992 and Russian Government Resolution No. 810 dated 14 August 1993, and is the legal successor to the USSR Ministry of Oil Industry Main Production Department for Oil Transportation and Supplies (Glavtransneft), with 100% of shares belonging to the state. On 16 April 2007, Transnefteproduct, a company concerned with the transportation of refined oil products, was merged into Transneft.[citation needed]

[edit] Management

Board of Directors (As of January 2007):

Management Committee (As of January 2007):

[edit] See also

[edit] References

[edit] External links


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