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06/12/2018
20:10
Transneft completes reconstruction of Almetyevsk - Gorky-3 main oil pipeline

JSC Transneft-Upper Volga has completed reconstruction of a section of the Almetyevsk - Gorky-3 main oil pipeline located in Yadrinsky district of the Chuvash Republic, the company?s press service informed.

The works were carried out pursuant to the program of development, modernization and reconstruction of facilities related to the main pipelines of Transneft-Upper Volga.

PJSC Transneft (tax number: 7706061801) is the monopolist in Russia's market of oil export deliveries using pipelines. Transneft Group has the world's largest system of the oil pipelines amounting to 48.505 thousand km.

The company's authorized capital is RUB 7.124 million. It consists of 5,568,748 common and 1,554,875 preferred shares with a face value of 1 ruble. The Government of Russia represented by the Federal Agency for State Property Management owns 100% of the company's common shares (78.1% of the authorized capital) preferred shares (21.9% of the authorized capital) are distributed among minority shareholders. In late March 2017, 1.1 million preferred shares (71%) of Transneft were sold on the Moscow Exchange by Ilya Sherbovich's UCP investment group.

In September 2018, the group established control over NCSP and its subsidiaries. Transneft Group's effective shareholding in NCSP increased to 63.08% from 37.07%. Besides, the group established control over NMT LLC in which PJSC NCSP owns a 50% stake.

According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of PJSC Transneft for H1 2018 decreased 6.7 times to RUB 4.204 billion from RUB 28.145 billion for the same period in 2017. Revenue increased by 8.79% to RUB 450.222 billion from RUB 413.836 billion, sales profit 6.27 times to RUB 54.988 billion from RUB 8.767 billion, pre-tax profit decreased 2.4 times to RUB 14.397 billion from RUB 34.602 billion.

Transneft Group's 9-month IFRS profit grew 2.5 times to RUB 171 billion from RUB 166.8 billion a year earlier. Revenue increased by 8.8% to RUB 716 billion from RUB 657.8 billion. EBITDA decreased by 1% to RUB 314.6 billion from RUB 317.7 billion.

"AK&M", 06.12.2018 17:53

 

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