Transneft BOD is going to consider the investment program for 2014-2018 at the sitting Sep. 2, the company informed.
Besides, the development of the main oil pipeline system should be considered along with the IH 2013 accounting.
Last year the 161.4bn rub. worth investment program was affirmed.
Transneft (TIN 7706061801) is a monopolist on the crude oil exports market. It keeps 48.505ths km of oil pipelines.
The share capital is worth 7.102mln rub. split in 5546847 common and 1554875 preferred stocks of 1 rub. par. The government has 78.1057% (100% voting); preferred stocks are held by the private persons.
The IQ 2013 net profit (IAS) declined 22% to 46.524bn rub.; revenues rose 1.4% to 183.871bn rub. from 181.35bn rub.; operating profit - 65.752bn rub. from 63.755bn rub.
The 2012 net profit (RAS) declined 4.4% to 10.652bn rub. from 11.142bn rub.; revenues moved up 8.6% to 687.139bn rub. from 632.78bn rub.