Tehran, Moscow enter new stage of cooperation — RouhaniWorld March 29, 14:06
Senator highlights Russian-Iranian ‘combat brotherhood’ in Syria backed at highest levelRussian Politics & Diplomacy March 29, 13:49
Palestine names conditions for peace treaty with Israel — AbbasWorld March 29, 13:45
Ukraine to continue upholding its position on Russia’s $3bln debt lawsuit in London courtBusiness & Economy March 29, 13:35
Church spokesman slams St. Isaac’s handover referendum bid as ‘counter-productive’Society & Culture March 29, 13:29
Press review: Sberbank's loss on Ukrainian subsidiary sale and Central bank under firePress Review March 29, 13:00
London High Court to hear Russia’s lawsuit on Ukraine’s $3bln debt in expedited procedureBusiness & Economy March 29, 12:31
Putin beefs up number of troops in military to nearly 2 mlnMilitary & Defense March 29, 12:12
China ready to play major role in developing Arctic — vice PMBusiness & Economy March 29, 12:09
MOSCOW, November 18 (Itar-Tass) — Head of Transneft Nikolai Tokarev considers it inexpedient to privatise Zarubezhneft, the more so through its merger with Transneft. He expressed this opinion to journalists on Friday.
Transneft (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 percent of the oil produced in Russia. The company is headquartered in Moscow. 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 percent of shares belonging to the state. On 16 April 2007, pursuant to a presidential decree signed by President Putin,Transnefteproduct – an organisation concerned with the transportation of refined oil products, was merged into Transneft.
JSC Zarubezhneft is a Russian state-controlled oil company based in Moscow that specializes in exploration, development and operation of oil and gas fields outside Russian territory. Nikolai Brunich is the company’s General Director, and Russian minister of Energy Sergei Shmatko is chairman of the board.