Executive: Russia’s Transneft to pump 448 mln tns of oil in 2021

MOSCOW, Dec 2 (PRIME) -- Russian oil pipeline monopoly Transneft plans to pump about 448 million tonnes of oil in 2021 and 455–458 million tonnes in 2022, First Vice President Maxim Grishanin said in a conference call on Thursday.

“Plans for pumping. We are only at the beginning of December now. … We think that oil pumping will amount to about 448–450 million tonnes of oil in the system, somewhere in this range. Applications for 2022 stand at about 455–458 million tonnes,” he said.

Pumping of oil and oil products will remain at about 38 million tonnes in 2021 and 2022, close to 2020, he said.

Grishanin also said that the company expects capital expenditures to amount to 196–200 billion rubles in 2021 and about 210 billion rubles in 2022.

Vice President Rashid Sharipov said that the company still planned a stock split in 2022.

“We still plan to carry out a stock split next year. We have some developments in this issue, and I think that this topic will be considered by the board of directors very soon,” he said.

(73.9746 rubles – U.S. $1)

End %%md/jst%%