BUSINESS MODEL
The development and upgrade of the trunk pipeline system is based on using
-19.8%
The strategy of Transneft provides for:
- ensuring systematic development of the trunk pipeline system;
- ensuring reception and transportation of petroleum products from newly connected refineries;
- reducing accident rate at trunk pipelines;
- precluding discharge of insufficiently treated wastewater;
- keeping the sulfur contents in the crude oil pumped via the Transneft system within the limits set in the rational routing schemeOrder of the Ministry of Energy of Russia No. 103 dated 13 February 2019 On Approval of the Rational (Process) Routing Scheme.;
- reducing expenses related to pipeline construction and operation; maintaining the optimum expenditure level;
- decreasing the purchase volumes of imported products.
Critical Risks:
- adverse effects due to unfavourable public health situation;
- state regulation of oil and petroleum products transportation tariffs;
- fiscal risks;
- shutdown of external power supply to Transneft’s facilities;
- new technical standards or changes to the existing ones, which may affect the technological processes related to design, construction and operation of the trunk pipeline system (including environmental and industrial safety requirements);
- non-compliance of oil (petroleum products) quality parameters with established standards;
- international sanctions;
- credit risks concerning partner banks.
Length of trunk pipelines, thousand km
Number of pumping stations
Tank volume, mln m3
Average headcount thousand employees
Salaries and other payments and benefits for employees, RUB bn
Electricity consumption, bn kWh
Fuel consumption for own needs, mln toe
Water intake and receipt, mln m3
Equity capital, RUB bn
Loan capital, RUB bn
Income from financial investments, RUB bn
Payment of dividends to shareholders, RUB bn
EBITDA, RUB bn
Payments to the state in the form of tax charges, RUB bn
Revenue from petroleum products transportation services, RUB bn
Procurement of goods, works and services, RUB bn
Financing of innovative projects, RUB bn
Training of Transneft Group’s employees, thousand person-courses
Number of patents and certificates, pcs.
In 2020, the integration solutions of the Personnel Integrated Information System were replicated in 11 Тransneft subsidiaries and the connection to the Manager Dashboard Integrated Information System was tested from a tablet.
Sustainable Development Ratings (ESG)
The growing interest of leading institutional investors in sustainable development issues has been a trend in recent years. According to established practice, members of the investment community conduct their own analysis of companies’ sustainable development performance (ESG), use the analysis of specialised sustainable development rating agencies, or combine these approaches in their work. Moreover, the results of such analysis can be a serious factor influencing investment decisions.
Transneft pays serious attention both to working directly with investors on sustainable development issues, and maintaining an effective dialogue with specialised rating agencies conducting analysis of the companies’ sustainable development performance, including on the following issues:
- disclosure of ESG indicators, answers to analysts’ questions;
- discussion of methods for calculation of indicators;
- analysis of agencies’ publications and comments on them;
- comments for agencies on the events covered by the media.
Transneft ratings and awards in 2020
Transneft was included in Forbes’ 18th annual Global 2000 list (Global 2000 — The World’s Largest Public Companies 2020 (forbes.com).
Transneft won first place in MediaTEK-2020, a competition of corporate media teams in the fuel and energy sector, in the “Social and Environmental Initiative” nomination for its high-profile charity marathon campaign “Helping with a Good Deed” run by volunteers.
Transneft was ranked among the top three fuel and energy companies in Forbes’ Best Employers list.
Transneft ranked among the RSPP’s sustainable development leaders according to the “Responsibility and Transparency” and “Sustainable Development Vector” indices.
In 2020, Transneft won the Best Socially Oriented Company Contest of the Ministry of Energy of the Russian Federation.
Transneft was ranked 14th in the