Novak re-appointed as board chairman of Transneft

Russia's Energy Minister Alexander Novak was re-appointed as board chairman of the oil pipeline monopoly Transneft, the company said in a regulatory statement. The Company's Board of Directors consists of …

 S&P upgrades ratings of major Russian companies

International rating agency S&P raised the credit ratings of several major Russian companies, including Gazprom, Transneft, Rushydro, and Russian Railways, following the increase in the Russian sovereign rating, according to a press release …

Transneft stops inflow of oil in Makhachkala port

Russia's Transneft has stopped taking oil into its pipelines from the port of Makhachkala because of a higher than permitted water content, the aide to the president of Transneft Igor Demin said. "This night …

Transneft suspends transportation of Azeri oil

Russia’s Transneft Company has suspended oil transportation from Azerbaijan to Novorossiysk port due to repair works in Makhachkala, Transneft spokesman Igor Demin said.   No information was released …

Russia to cut oil export

Russia's oil export to foreign countries in the first quarter of 2017 will amount to 50.98 million tons, adviser of Transneft president Igor Demin informed. He also noted that "Russian exports 51.3 million tons …

Russia and Azerbaijan sign new agreement on oil transportation

Russia and Azerbaijan signed a new agreement on oil transportation via the Baku-Novorossiysk pipeline. From the Azerbaijani side it was signed by representatives of the Azerbaijani state oil company SOCAR, and from the Russian side by representatives of …