Russia: Transneft takes over Vostokneftetrans

Federal Antimonopoly Service has authorised Transneft, the operator of the gas pipeline network in Russia, to purchase 49% of Vostokneftetrans, by means of its subsidiary Spetsmornefteport Kozmino LLC.

Vostokneftetrans is a company established in 2009 by Transneft and Uralvagonzavod for the oil transport by rail. Therefore, Vostokneftetrans uses the railway infrastructure belonging to Transneft and wagons manufactured by Uralvagonzavod.

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