State-owned oil pipeline monopoly Transneft posted for January-September, 2011 net income of RUB 155 billion (IFRS) for , a 1.5 times growth from last year’s numbers, the Company said on Tuesday.
Rosneft's revenue for the reporting period increased by 38% year-over-year to 445 billion rubles.
Moscow-based Transneft is the state-owned Russian company responsible for the national oil pipelines. Transneft owns the largest oil pipeline system in the world, with a total network length of nearly 50,000 km. The company transports about 93% of the oil extracted in Russia.
Rosneft's revenue for the reporting period increased by 38% year-over-year to 445 billion rubles.
Moscow-based Transneft is the state-owned Russian company responsible for the national oil pipelines. Transneft owns the largest oil pipeline system in the world, with a total network length of nearly 50,000 km. The company transports about 93% of the oil extracted in Russia.