Rosneft demanded compensation from Transneft for losses incurred due to the oil pollution incident in the Druzhba pipeline in the spring of 2019. The company estimated losses and lost profits from the incident at $130 million and ₽3.3 billion. The lawsuit indicates that Rosneft tried to settle the issue at the corporate level, but Transneft refused to pay th...

Transneft's RAS net income for 2021 was ₽95.961 billion, up 47.5% from ₽65.065 billion in the previous year. Revenue increased 14.6% to ₽998.165 billion compared to ₽870.901 billion a year earlier.

Transneft may mothball the Zapad-Transnefteprodukt oil product pipeline. The pipeline runs north through Belarus to the Latvian port of Ventspils and south through Belarus and Ukraine to Hungary. Russian oil companies are no longer interested in using this pipeline for supplies because of the conflict over the Ukrainian part of the pipe. Experts believe that...

Transneft's dividend payments in 2022 will be higher than 50% of IFRS net income due to the transition to twice-yearly payments, First Vice President Maxim Grishanin said. "The dividend flow this year will be higher than 50% of net profit under IFRS, taking into account 50% of net profit for the first half of the year," he said.