Transneft to complete construction of Zapolyarie-Purpe pipeline ahead of time

Transneft plans to invest 1.5 trillion rubles into program of overhaul and reconstruction before 2020, the company’s president Nicolay Tokarev reported. “This is the program of capital overhaul, reconstruction and repair of oil pipeline and oil products pipelines,” – he said.

185 billion rubles will be transferred for these purposes in 2014, the Transneft’s president specified.

Nicolay Tokarev reported that Transneft intended to transfer 540 billion rubles for investment projects through until 2020.

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