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Results of the Meeting of Transneft’s Board of Directors

Date of publication: 24 May 2021

Today, on 24 May 2021, an in-person meeting of the Transneft Board of Directors was held. The meeting was chaired by Deputy Chairman of the Government of the Russian Federation Alexander Novak.

The Board of Directors approved the corrected Transneft Long-Term Development Programme, reviewed the Programme for Operational Efficiency Improvement and Cost Cutting, as well as the report on its implementation in 2020.

The Board of Directors discussed the issue of preliminary profit distribution and decided to recommend to the general shareholders’ meeting to approve the payout of dividends for 2020 in the amount of RUB 9,224.28 per share.

Transneft Press Service
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