Transneft

TRNFP

RU0009091573

Oil & Gas Transportation Services

End-of-day quote Moscow Micex - RTS Other stock markets 06:00:00 2022-07-07 pm EDT			5-day change	1st Jan Change
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Apr. 15	Kazakhstan to ship 120,000 tons of oil to Germany in April	RE
Apr. 09	Russia allows LNG producer Novatek to set up own security guard	RE

Russian tycoon's injunction succeeds as Transneft faces £11bn English claim

February 27, 2024 at 12:01 am EST

THE English High Court has ordered Russian state-owned oil pipeline company Transneft to adjourn its legal proceedings in a Moscow court.

The oil company is facing a $14bn (£11bn) lawsuit in London after Russian tycoon Ziyavudin Magomedov launched the case last year against it, DP World and Russian state-owned agencies.

Magomedov launched the legal action after his holdings in valuable port operators were seized as part of what he claims is a state-backed conspiracy.

He is currently in prison after he was arrested in Russia and sentenced to 19 years in prison on embezzlement charges and had numerous assets frozen.

Mr Justice Foxton explained that the application was an "anti-antisuit injunction", which is intended to prevent the defendants from pursuing anti-suit injunctive relief which they seek in Moscow.

His lawyer Simon Bushell said: "Magomedov's only hope of justice is the continued pursuit of his UK High Court claims."

Latest news about Transneft

Kazakhstan to ship 120,000 tons of oil to Germany in April	Apr. 15	RE
Russia allows LNG producer Novatek to set up own security guard	Apr. 09	RE
Ecologists report oil spill near Kazakhstan's giant Kashagan oil field in Caspian Sea	Apr. 02	RE
Caspian Pipeline Consortium oil exports up 7% y/y in Jan, sources say	Feb. 13	RE
Chevron reroutes Kazakh oil to Asia around Africa - sources, LSEG data	Jan. 30	RE
Russia resumes crude oil loading from Baltic Sea's Ust-Luga	Jan. 22	RE
Caspian Pipeline Consortium suspends oil loadings from Black Sea terminal	Jan. 16	RE
Transneft: Russian oil exports via its network down 6.5% in 2023	Jan. 10	RE
Russia's Transneft says 2023 crude delivery levels same as 2022	Jan. 10	RE
Russia to raise oil transit payment to Belarus by 10% from Feb -Kommersant	Dec. 23	RE
Oil exports via Russia's Transneft pipelines down by 4-5% in 2023 - CEO	Dec. 20	RE
Russia's Transneft CEO: oil shipments to China at 100 mln T in 2023 - TASS	Dec. 20	RE
Exclusive-Turkey saves $2 billion on Russian oil as imports soar despite sanctions	Dec. 18	RE
Russia's oil loadings from western ports to decline 6% in December - sources, Reuters	Nov. 30	RE
Russia's Black Sea oil exports from Novorossiysk delayed due to bad weather -sources	Nov. 27	RE
Kazakhstan may boost oil exports to Germany -energy minister	23-10-27	RE
Tanker with diesel left Baltic Sea's Primorsk after export ban lifted - LSEG data	23-10-09	RE
Russia lifts diesel export ban; what happens next?	23-10-06	RE
Russia's Transneft eyes clearance to restart diesel exports via ports - TASS	23-10-06	RE
How serious is Russia's fuel export ban and who will be hit?	23-10-04	RE
India buys less September-loading Urals, Turkey more -sources, LSEG	23-10-03	RE
Kazakhstan ready to increase oil supplies to Germany - president	23-09-28	RE
Russian tycoon Magomedov launches $14 billion lawsuit in UK over port holdings	23-09-27	RE
How serious is Russia's fuel export ban and who will be hit?	23-09-27	RE
Russia lifts export ban on low-quality diesel, marine fuel	23-09-25	RE

Transneft specializes in transporting crude oil. Net sales break down by activity as follows: - crude oil transportation services (71.5%): 442.2 Mt transported in 2020. At the end of 2020, the group has a network of 50,777 km; - sales of crude oil and and petroleum products (15.2%); - petroleum product transportation services (7.8%): at the end of 2020, owns a network of 16,422 km; - other (5.5%): primarily storage, construction, and communication services. Net sales break down geographically as follows: Russia (81%), China (14.9%) and other (4.1%).

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Oil & Gas Transportation Services

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