Transneft to save up about 8 billion rubles due to changes in its investment program-2014

Transneft hopes to save up about 8 billion rubles due to the adjustment of its investment program for 2014, the company’s Head Nikolay Tokarev reported to journalists.

“We will receive roughly 8 billion rubles due to the adjustment of the investment program,” – he said, noted that the company would have to spend this money, including for the construction of power transmission lines, which FGC UES refused to construct. “The UES’ investment program changed a lot and we have to finance from our own sources the operations that should be done by our colleagues from the grid companies and Russian network,” – he noted.