Transneft Q2 Net Income up 20 pct

Posted by Joseph Keefe
Friday, August 29, 2014

Russia's state-owned oil pipeline monopoly Transneft said on Friday its second-quarter net profit, attributable to shareholders, rose 20 percent year-on-year to 50.45 billion roubles ($1.4 billion) on the back of derivatives revaluation.

The company, which carries oil through Russia's 50,000 km-long network of pipelines, increased revenues by 2 percent in the period to 189.8 billion roubles, it said in a statement.

Reporting by Vladimir Soldatkin

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

China Merchant Boosts Efficiency of VLCCs with Jotun HP

China Merchant Energy Shipping Co., Ltd (CMES) will upgrade the antifouling solution on their VLCCs New Builds at Dalian Shipbuilding Industry Co., Ltd. (DSIC)

ESAB Boasts Over a Century of Technological Innovation

September 2014 marks the 110th anniversary of ESAB Welding & Cutting Products. A world leader in welding and cutting technology, with the broadest, most complete

SMM 2014 Witnesses Record Turnout

SMM was another full success. With more than 2,100 exhibitors from all around the world, including 150 first-timers, with 50,000 industry visitors and roughly 90,

Fuels & Lubes

Porter Voices Concerns Over Texas Pipelines

Commissioner David Porter of the Texas Railroad Commission (RRC) Tuesday visited several south Texas border oil and gas facilities and pipeline rights-of-way to meet with field staff,

DNV GL: Beyond Condition Monitoring in the Maritime Industry

Moving from a regime of scheduled rule-based maintenance to a data-driven risk-based regime can lead to more accurate and timely maintenance resulting in increased safety,

Brent Holds Above $98 Despite Weak Demand

Brent crude held above $98 a barrel on Friday, heading for its worst week in six as concerns over weak demand outweighed geopolitical worries in the Middle East and Ukraine.

News

Gazprom Scraps Plan to Cut Gas Deliveries

Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu said.

Poland Received Less Gas Than Requested from Gazprom

Poland's gas pipeline operator Gaz-System said the country received about 20 million cubic metres of natural gas on Friday from the eastern direction, less than

China Aug Power Output Falls First Time in 4 yrs

China's power output, a bellwether for economic activity, posted its first annual decline in more than four years in August, adding to evidence that the world's

Government Update

Gazprom Scraps Plan to Cut Gas Deliveries

Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu said.

Pesticides a Concern for Aquatic Life in U.S. Rivers & Streams

Levels of pesticides continue to be a concern for aquatic life in many of the Nation’s rivers and streams in agricultural and urban areas, according to a new

Canada Invests in Harbor Grace Project

Senator Manning announces funding for a harbor improvement project Senator Fabian Manning, on behalf of the Honorable Gail Shea, Minister of Fisheries and Oceans,

Logistics

Kalmar's Super Gloria Sets world record at Lidhult, Sweden

Kalmar, part of Cargotec, has entered the record books thanks to the remarkable heavy lift capabilities of its latest reachstacker, named Super Gloria. The reachstacker

Tanzania Receives $565m to Expand Port

Tanzania signed a $565 million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost

essDOCS Opens Americas Headquarters

U.S. East Coast office to serve customers in the Americas; set to advance company’s wider global eDoc adoption strategy Provider of shipping & trade eDocs solutions

 
 
Maritime Contracts Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1332 sec (8 req/sec)