Transneft

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Russian oil and gas company

title: "Transneft" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["transneft", "russian-companies-established-in-1992", "companies-based-in-moscow", "non-renewable-resource-companies-established-in-1992", "companies-listed-on-the-moscow-exchange", "companies-in-the-moex", "government-owned-companies-of-russia", "oil-companies-of-russia", "oil-pipeline-companies", "russian-brands", "russian-entities-subject-to-u.s.-department-of-the-treasury-sanctions", "energy-companies-established-in-1992"] description: "Russian oil and gas company" topic_path: "geography/russia" source: "https://en.wikipedia.org/wiki/Transneft" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Russian oil and gas company ::

::data[format=table title="Infobox company"]

Field	Value
name	Transneft JSC
native_name	Транснефть
native_name_lang	ru
logo	Transneft_logo.svg
image	Вид на башню Эволюция 01 27.07.2022.jpg
image_caption	Transneft's headquarters, the Evolution Tower in Moscow-City
type	Public (OAO)
traded_as
predecessor	Ministry of Oil Industry of the Soviet Union
foundation
defunct
location_city	Moscow
location_country	Russia
key_people	Alexander Novak
(chair of the board)
Nikolay Tokarev (CEO)
services	Pipeline oil transport
owner	Rosimushchestvo (78.6%)
subsid	Transnefteproduct
Caspian Pipeline Consortium (31%)
homepage
::

History

The Government of the Russian Federation established Transneft on 14 August 1993, and the Moscow Registration Chamber registered it on 26 August 1993.

Semyon Vainshtok headed Transneft from 13 September 1999 to 11 September 2007.

In 2008, Transnefteproduct, a company transporting refined oil products, was merged into Transneft. | url = http://www.kommersant.com/p759468/Transneft_Transnefteproduct/ | title = Transneft, Transnefteproduct Ordered to Consolidate | newspaper = Kommersant | date = 2007-04-17 | access-date = 2009-09-20 | archive-url = https://web.archive.org/web/20121009174056/http://www.kommersant.com/p759468/Transneft_Transnefteproduct/ | archive-date = 2012-10-09 | url-status = dead | url = http://www.rbcnews.com/free/20080204184017.shtml | title = Transneft completes merger with Transnefteproduct | work = RosBusinessConsulting | date = 2008-02-04 | access-date = 2009-09-20 | archive-url = https://web.archive.org/web/20120227054336/http://www.rbcnews.com/free/20080204184017.shtml | archive-date = 2012-02-27 | url-status = dead

In 2018, Transneft took over 31% of shares which belonged to the Russian Federation in Caspian Pipeline Consortium. In 2021, the company's revenue amounted to 998 billion rubles.

Sanctions

Sanctioned by the United Kingdom from 12 September 2014 in relation to Russia's activities in Crimea.

On 24 February 2022, in response to Russia's military operations in Ukraine, several countries moved to impose more economic sanctions in addition to those in response to the 2021–2022 Russo-Ukrainian crisis. US President Joe Biden announced sanctions against several Russian individuals, companies, and financial institutions, including Transneft. In March 2022, as a result of the 2022 Russian invasion of Ukraine the EU imposed sanctions on Transneft.

Controversies

Documents submitted by Transneft to the Russian Audit Chamber in 2008 were found at the disposal of Alexei Navalny, a minority shareholder of Transneft. The papers, published on 16 November 2010, contain information regarding multiple economic crimes committed by Transeft employees, including Semyon Vainshtok, its daughter structures, and contractors in the construction of the Eastern Siberia–Pacific Ocean oil pipeline. The documents describe how Transneft executives set up a series of shell companies to pose as contractors for Transneft's pipeline project. Navalny posted an audit indicating that the contracting fraud had cost Transneft US$4 billion. Both Transneft and the government auditing office, whose documents Navalny said he leaked on his site, denied the corruption claim. Prime Minister Vladimir Putin called for an investigation into the allegations. The company's management confirmed all facts related to theft and fraud. The officials endorsed the reports that recorded the breaches.

Transneft has been repeatedly criticized for the lack of transparency regarding its expenditures on charity. From 2007 to 2011, the company did not disclose information on recipients of these funds. In 2011, Transneft officially published information about its charity expenditures. It turned out that from January 2011, the company spent 3.21 billion rubles on charity. However, only 52 million rubles were used to support several charity institutions, and 2.55 billion rubles were transferred to the Konstantinovsky charity foundation (its chair was Vladimir Kozhin, a former head of the Directorate of the President of the Russian Federation).

Notes

References

"Реестр предприятий, находящихся в собственности РФ, госкорпораций, хозобществ, акции (доли) которых находятся в собственности РФ". [[Rosimushchestvo]].
(2020-04-20). "Russia to extend Transneft chief's contract despite oil contamination crisis". Reuters.
"Company". Transneft.
(2016). "And Hess and M. Weinstock photos. Semyon Weinstock was involved in a major criminal case. Guerrilla war of "family" oligarchs". Tobevoice.ru website.
Zaslavskiy, Ilya G.. (November 16, 2013). "Export of Corrosion: How Practices from Russia Penetrate and Undermine US and UK".
Сомин, Андрей (Somin, Andrey). (1 June 2010). "Свидетель с обвинением: Семен Вайншток ответил за ЮКОС, теперь ответит за себя.". «Век» (wek.ru).
(10 April 2009). "Как разворовать Родину: мастер-класс российских олигархов для украинцев: Российский аудитор не заметил $ 2 млрд.¸ исчезнувшие в российской трубе, и взялся за украинский газ.". RUpor.info.
(17 November 2010). "Миллиарды из трубы". [[Vedomosti]].
Шлейнов, Роман (Shleinov, Roman). (11 February 2013). "Ревизор из "разведочной партии"". [[Vedomosti]].
(12 January 2018). ""Мы просто подстраховали государство". "Транснефть" объяснила, зачем ей доля КТК". Коммерсантъ.
"ПАО "Транснефть"".
(6 April 2022). "CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK".
(24 February 2022). "U.S. Treasury Announces Unprecedented & Expansive Sanctions Against Russia, Imposing Swift and Severe Economic Costs".
(24 February 2022). "Fact Sheet: Joined by Allies and Partners, the United States Imposes Devastating Costs on Russia".
(17 March 2022). "EU introduces additional sanctions against Russia".
(16 November 2010). "ВЕДОМОСТИ – Навальный требует привлечь экс-менеджеров "Транснефти" к уголовной ответственности".
(27 July 2011). "Информация о благотворительной помощи "Транснефти" в 2011 г.".
"Миноритарии "Транснефти" заставили милицию проверить, на что компания жертвует деньги".
(27 July 2011). "«Транснефть» обнародовала данные о расходах на благотворительность".

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