On December 13, Transneft’s Board of Directors will discuss correction of the investment program for 2014

On December 13, Transneft’s Board of Directors will discuss correction of the investment program for 2014, and for the period until 2018.

The investment program of the company program for 2014, and for the period until 2018 admitted in September presupposes  financing at a rate of 500 billion rubles including 189 billion rubles in 2014. However Transneft announced that in connection with possible freezing of its tariffs in 2014 the investment program would be corrected.

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