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Attention to potential international clients

Transneft has recently been receiving a lot of letters from foreign companies in which they asked to verify the authenticity of legal documents allegedly related to transactions executed on behalf of Transneft for sale of oil and oil products and transportation of the said commodities through the system of Russian trunk pipelines. These documents include contracts, agreements, letters of guarantee, consents, affidavits, invoices etc.

Our analysis proved these documents to be a fake, as they were made using false or inapplicable letterheads, signatures of Transneft executives and false seals and stamps of various state bodies and notary offices.

In our opinion, these fraud actions have been encouraged by the fact that some entrepreneurs have poor knowledge about Russian legislation applicable to purchase, sales and transportation of hydrocarbon raw materials in the territory of the Russian Federation and abroad.

Therefore, we find it necessary to remind potential international clients of our Company once again that in accordance with the Articles of Association, Transneft does not provide any services for purchase and sales of oil or oil products. As for transportation of oil and oil products by trunk pipelines, Transneft only enters into contracts with oil companies listed by the Ministry of Energy of the Russian Federation in the register of oil producing business entities.

Under the existing contracts, Transneft provides services for transportation of oil in the territory of the Russian Federation to Russian refineries and for export through the “Druzhba” oil trunk pipeline system and sea terminals in Primorsk, Kozmino, Tuapse and Novorossiysk. Export deliveries are subject to schedules approved by the Ministry of Energy of the Russian Federation.

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