Transneft, AK

Main article: Oil exports from Russia

Aktivs

AK Transneft was established by a government decree in 1993, 100% of the voting shares of the company are in federal ownership. It is the world's largest pipeline company: it transports more than 90% of oil produced in Russia, owns about 70 thousand km of trunk pipelines and more than 500 pumping stations. The Transneft organization system includes more than 20 transport and over 25 service companies.

• Druzhba oil pipeline
• Transneft Friendship
• Gomeltransneft Friendship
• Polotsktransneft Friendship

• Transneft Urals
• Transneft Prikamye
• Transneft - Western Siberia
• Transneft-Vostok (formerly Vostoknefteprovod)
• Transneft Baltic
• Transneft-Privolga

• Transneftstroy, LLC
• Transneft shipping documentation Pipeline Construction Directorate
• Transnefteenergo (TNE)
• Transneft - Podroservice
• Transneft Technology
• Transneft Oil Pumps
• Transneft Logistics

• Transneft finance
• Transneft NPF
• Transneft UK

• Transneft Protection

Performance indicators

2023: Profit growth by 21% to RUB 306.6 billion

According to the results of 2023, Transneft's net profit increased by 21% and reached 306.6 billion rubles in international financial statements (IFRS). This was announced on March 20, 2024 by TASS with reference to the company's reports.

At the same time, net profit attributable to shareholders also increased by 22% to 296.51 billion rubles. Both profit indicators were a record for the company.

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Transneft's revenue in 2023 increased by 10.5% to 1.331 trillion rubles. The company's operating profit rose 4.3% to 310.78 billion rubles. The company was charged an excess profit tax of 2.384 billion rubles.

By the end of November 2023, the group's companies transferred security payments to the budget and intend to use the right to reduce the calculated amount of excess profit tax on a tax deduction equal to the security payments paid in 2024, Transneft notes.

The company noted that in 2023 it focused on replacing imported supplies and developing production for the production of products that are not inferior to foreign counterparts. Transneft completed construction work on 1.3 thousand objects in 2023. A total of 560 km of pipelines were replaced, and 700 km of pipelines were dismantled under the liquidation program. Reconstruction continues at LDPS "Grachi" and "Ternovka-1."

The company also reported on its successes in the field of digitalization of commodity, transport and dispatch activities. In 2023, 12 Transneft enterprises introduced an automated system for monitoring the operational presence of petroleum products (ASCON-NP). With its help, the influence of the human factor during inventories was reduced.^[1]

2020: Combined revenue of Transneft - 5,359,713 thousand rubles

At the end of 2020, Transneft increased revenue by 30% - up to 5,359,713 thousand rubles Data include the combined revenue of two insourcing companies of Transneft with the following turnover for 2020: LLC "" Transneft Technology(4,432,246 thousand rubles), LLC "Transneft" Consulting(927,467 thousand rubles) In the ranking " TAdviser "The largest IT insourcing companies in Russia Transneft took the twelfth line. In 2019, the same figure was 4,131,732 thousand rubles.

Digitalization in Transneft

Main article: Information technology in Transneft

History

2024

Transneft filed a lawsuit for 83 million rubles against IBM

On September 9, 2024, the Moscow Arbitration Court registered a claim of the Transneft oil pipeline company against the American corporation IBM in the amount of 83.1 million rubles. The case is related to economic disputes in civil legal relations. Read more here

Transneft sued 5 billion rubles from Rosneft due to pollution on the oil pipeline

On August 26, 2024, the Moscow Arbitration Court satisfied Transneft's claim against Rosneft in the amount of almost 5 billion rubles. The proceedings are related to the construction of a new branch of the Tikhoretsk-Tuapse 2 oil pipeline to pump additional volumes to the Rosneft refinery. Read more here

2023:99% import substitution of technology

By mid-August 2023, Transneft approached the 100% import substitution of technologies. The company is in the process of implementing the second innovative development program of the enterprise until 2026.

The five-year plan is based on the results of an independent technological audit and continues to fulfill the tasks that were started in the previous program (operated from 2017 to 2021). Its implementation, according to the Higher School of Economics, brought the company to a level at which 99% of the technological solutions it uses correspond to or exceed the world level.

Transneft approaches 100% import substitution of technologies

The company intends to focus on R&D and innovative projects aimed at maintaining a high level of technological development, and continue to develop its own production of products. So, over the past few years, two modern plants have grown with the participation of Transneft in Chelyabinsk: Transneft Oil Pumps (TNN) and Russian Electric Engines (RED), the group said in mid-August 2023. Enterprises produce equipment for pumping oil and oil products through trunk pipelines.

By August 2023, Transneft had fully resolved issues with the import substitution of 29 groups of equipment, which were approved by the corresponding program. In particular, now, instead of foreign anti-turbulent additives, the company uses additives produced at a plant in Tatarstan in its activities. According to Transneft, in the next three years it is planned to invest about 30 billion rubles in this area alone. In the future, 175 billion rubles of investments are provided for all tasks of technical re-equipment, repair of facilities and modernization of the infrastructure of oil pipelines.^[2]

2022

Oil export by sea increased by 30% in the 1st half of the year

For 6 months of 2022, Transneft increased by 30% the shipment of oil by sea to 82 million tons of oil. The volume of oil supplies in the Asian direction has grown, the ESPO oil pipeline operates at maximum capacity - the company.

Work to increase oil transportation through the VSTO-2

In June 2022, Transneft completed the equipment of the NPS N36 and N38 in the Far East with anti-turbulent additive (FTC) injectors to increase oil transportation through the VSTO-2.

"The use of new equipment increases the throughput capacity of the oil pipeline by reducing hydraulic resistance and suppressing turbulent swirls in the flow of pumped raw materials. PTPs also help reduce energy costs for the transportation of hydrocarbons and do not affect the quality of the oil supplied, "the message says.

NPS is N36 located in the Khabarovsk Territory, N38 in Primorsky.

The additive is introduced at the plants of production of the Velikoluksky plant "Transneftemash." The units are installed at the sites of the start-up and reception chambers for cleaning and diagnostics of the NPS.

2016: Sale of the Ukrainian section of the Samara - Western Direction pipeline to the company of the current President of Ukraine Poroshenko

Detained by the SBU in the spring of 2022 on charges of treason Viktor Medvedchuk testified against ex-President of Ukraine Petro Poroshenko.

According to him, the former president asked Medvedchuk to help with the purchase of the Ukrainian section of the pipeline Samara "- Western Direction," which belonged to the Russian company Transneft. To do this, Medvedchuk had to persuade the president. Russia Vladimir Putin

Until 2015, the pipeline, which pumped diesel fuel to Hungary, was in the state property of Ukraine. In order for this pipeline to fall into Poroshenko's private property, he in 2015 forced a Ukrainian court to return the pipe to the ownership of Transneft, and in 2016 a Russian company sold it to the Swiss company International Trading Partners AG. According to Medvedchuk, Poroshenko spent only $23 million on getting the pipeline, although the very next year he made a profit of $41- $42 million.

Notes