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Transneft expects oil pumping at last year level in 2025

CEO of the Russian oil pipeline operator Nikolay Tokarev added that transportation of petroleum products over the Transneft pipeline system can be about 38-40 mln metric tons in 2025

MOSCOW, October 23. /TASS/. Transneft expects oil pumping in 2025 to stay flat in annual terms, CEO of the Russian oil pipeline operator Nikolay Tokarev told reporters.

"There was a decline by a small volume on account of OPEC+ agreements. Approximately at the last-year level in broad terms. With a small minus due to all these things," he said.

Transportation of petroleum products over the Transneft pipeline system can be about 38-40 mln metric tons in 2025 but it is premature to speak about the final figure, Tokarev added. In 2024, Transneft pumped 447 mln metric tons over its pipelines, down 2.8% in annual terms.