The government is preparing new changes to the taxation of the oil and gas industry. In particular, the profit tax for Transneft may be raised from the current 20% to 40%. Other proposals that will be sent to the State Duma in the near future include an updated calculation of the Urals oil tax quote, zeroing the mineral extraction tax(MET) for hard-to-recove...

Transneft's RAS net profit for 9 months of 2024 amounted to ₽96.99 billion, down 2 times from ₽190.55 billion in the previous year. Revenue rose 6.7% to ₽943.23 billion against ₽884.03 billion a year earlier.

Transneft's IFRS net profit for 6 months of 2024 amounted to ₽172.06 billion, down 8.3% from ₽187.6 billion in the previous year. Revenue increased 12.6% to ₽717.16 billion against ₽636.68 billion a year earlier.

Transneft's RAS net profit for 6 months of 2024 amounted to ₽54.52 billion, down twofold from ₽128.52 billion in the previous year. Revenue rose 10.5% to ₽635.17 billion against ₽574.74 billion a year earlier.