Net profit of Transneft under RAS up 5.7% to RUB 11.26 bln in 2013

In 2013, net profit of Transneft OJSC calculated under Russian Accounting Standards totaled RUB 11.26 bln (+5.7%, year-on-year), the company states.

Transneft’s revenue increased by 2.55% to RUB 704.71 bln.

Transneft is Russian oil transporting state monopoly (75% of voting shares are controlled by the state) and the largest pipeline company in the world holding 48,708 km of trunk pipelines.