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News // Oil and gas worldwide

Transneft Not To Work On Credit

15 March 2001 , 10:00361
Today the RF government is to resolve the conflict between the oil-workers and Transneft company because of the advanced payment of its services of $1.8 bil a year. The question about the advanced payment will be the main issue on the agenda of the governmental Oil-and-gas Pipelines Access Commission, headed by Viktor Khristenko, vice-premier. Semen Vainshtok, Transneft president, held the meetings with almost all heads of the largest oil companies on March, 7. At these meetings the oil-workers gave their confirmation to conclude new contracts with 100% of advanced payments of services. Although one of the companies` heads said the Transneft announcement does not correspond to the facts. According to him, Lukoil`s head Alekperov and Rosneft`s ? Bogdanchikov ? and some other leaders had not been present at these meetings.

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