Marine Link
Monday, October 24, 2016

Transneft Q2 Net Income up 20 pct

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 Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News