Transoil increased crude and oil products transportation by 6% to some 59 mln t in 2014

The volume of crude and oil products transported by Transoil’s own and managed rolling stock totaled 59 mln t in 2014 (+6%, year-on-year), the Company says. According to the statement, the share of the Group in the segment of crude and oil products transportation by railways increased to 23%.

Transportation of light oil products increased by 9%, year-on-year, with its share increased to some 50%.

The highest growth rates were demonstrated in the sector of gas condensate transportation which increased by one third to 5 mln t with Purovsky refinery of NOVATEK accounting for the bulk of this volume.

As of December 31, 2014, the fleet of tank wagons operated by the Group exceeded 38,000 units with the average age not exceeding 14 y.o.

On July 28, 2014 Transoil LLC  acquired 25% of the authorized capital of Port Ust-Luga Transportation Company OJSC  in compliance with the Company’s strategy aimed at expansion beyond the segment of crude and oil product transportation by railway. The range of services provided by Transoil will thus include both conventional services of an operator as well as comprehensive servicing of the rolling stock during loading/unloading operations in the port. 

St. Petersburg, Russia based Transport & Logistics Group "TRANSOIL" founded in 2003 is now comprised of LLC "TRANSOIL", Russia's largest private operator of rail transportation of oil and petroleum products, and several subsidiaries: TransLeasing, TransService, TRANSOIL Service and VRK Kupino.