Transneft to spend by twice more for reconstruction and import replacement than for new objects

N. Tokarev has made a report to V. Putin on the company’s investment program. Transneft’s head reported on the import replacement program, budget distribution and plans for construction. N. Tokarev said that in the framework of the approved 5-year program 690 bln roubles will be spent for the construction of new objects, 1.32 trln roubles – for technical retooling, reconstruction and capital repair. The company plans to complete the construction of the route pipelines Zapolyarie-Purpe and Kuyumba –Tayshet in Q4 2015 and 2016 respectively.