REPORT for 2015 year

2.6. Non-core assets disposal programme

The non-core assets disposal programme of the companies of the Transneft PJSC group (hereinafter – Programme) was developed in accordance with orders of the Government of the Russian Federation dated 03.09.2010 year № ISH-P13-47pr and dated 20.10.2010 №VP-P13-56pr.

Two non-core assets from 272 of the assets of the Programme belong to Transneft PJSC and all the rest assets of the Programme  are owed by subsidiaries.

The Transneft PJSC Board of Directors on 27.11.2015 (Minutes № 30) made the resolution exclusion of 16 assets from the Programme.

Non-core assets disposal shall be performed as follows:

  • on the basis of tender sale;
  • gratuitous transfer into municipal ownership;
  • winding – up.

Annually the Transneft PJSC Board of Directors discusses the matter “On implementation of the “Non-core assets disposal programme of the companies of the Transneft PJSC group”  (the detailed data are given in the Appendix № 13).