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Oil Transporting Joint Stock Company "TRANSNEFT"
Oil Transporting Joint Stock Company "Transneft" was established as an open joint stock company following the presidential Decree dated November 17,1992, 1403 and in accordance with the Resolution of the Russian Federation Council of Ministers entitled "Establishment of the "Oil Transporting Joint Stock Company "Transneft" of 14 August, 1993, 810. The Company's founder is the Council of Ministers - the Russian federal government, JSC Transneft is the holding company with RB6.2 billion authorized capital stock where 75 % of ordinary shares were retained by the State and 25 % of the privileged shares were placed among employees and other equated individuals of the oil pipeline transporting enterprises.
President of the Oil Transporting Joint Stock Company Transneft is Dmitry Vladimirovich Saveliev. The Company's transmission grid transports 99.8 % of Russian oil production to refineries in Russia and is running export supplies to pipeline system "Druzhba" and abyssal oil terminals on the Black and Baltic seas, The Company renders transport services for oil producing enterprises of Kazakhstan and Azerbaijan.
JSC Transneft has 20 affiliates where 10 of these affiliates provide transshipment to consumers in accordance with the signed agreements.
The Company provides the centralized supervisory control and management of oil supplies over the entire transmission system in Russia, CIS and Baltic countries. Besides the basic functions of transport, filling and storage of oil, account of resources of oil the Company carries out operative procurement of oil deliveries to the consumers and on export with observance of a customs mode and control of the documentation.
Transneft provides qualitative and duly granting of transport services to all clients on equal basis under the tariffs confirmed by federal bodies.
The existing technical conditions of main Company's pipelines facilities allows to provide uninterrupted supplies of oil to the consumers, and performance of the contractual obligations without failures.
Guarantee of unity and reliability of oil pipeline transport system is the prior basis of the Company's activity.
The purpose of technical policy of the Company is the preservation of long-term potential of the existing oil pipelines system. Formation and the performance of plans of overhaul on the basis of diagnostic results provides efficiency of system with the minimal expenses. The structure of the Company includes the unique center of technical diagnostics "Diascan" equipped with the advanced outfit, ensuring 100 % of internal pipe diagnostics of oil pipelines system and further periodic inspection. The Company carries out by its own forces all necessary preventive, diagnostic, scheduled, emergency and restoration works including underwater and technical works. The important role is given to the ecology issues.
The Company actively works in the field of perspective development of oil pipeline transport system. Nowadays the Company studies complex use of four export directions: Northern (Baltic), Southern( Black and Caspian seas), Central (European), Eastern (Siberian) for transportation of the Russian oil and transit of CIS oil on export through the territory of the Russian Federation. The Company is the founder and participant of a whole number of such an important projects as Baltic Pipeline System, transport of Caspian oil from Kazakhstan and Azerbaijan, Chinese oil pipelines and others.
JSC Transneft participates in elaboration of normative and legal basis of activities for pipeline transport and in particular in the elaboration of the federal Law named "Pipeline transport".
The Company takes an active part in stabilizing of transport tariffs. It includes the perfection of tariffs structure, elaboration of the Program of optimization of the production capacity structure on the basis of the prospect extracting balance, advanced methods of repair, single-minded investment policy on solution of the genera! tasks of technical retrofit of pipeline facilities.
The Company has a long-term outlook program of development. JSC Transneft is a very reliable partner and its technical and personnel potential allow to resolve all raising issues.