REPORT for 2015 year

TERMS AND ABBREVIATIONS

The words “Transneft”, “Company”, “We”. “Our”, “Group” used in the text of this Report have equal meaning and refer to “PPJSC “Transneft” PLC and/or its subsidiaries and or joint ventures with participation of the Company depending on the context where they are used.

APR

Asia-Pacific Region

BPS

Baltic pipeline system

FOTS

Fiber Optic Transmission System

ESPO

Pipeline “Eastern Siberia – Pacific Ocean”

HEI

Heigher Educational Institutes

GLONASS

Global Navigation Satellite System

BOPS

Base Oil Pump Station

BPS

Base Pump Station

LTDP

Long-term development programme

UIS

Unified Information System

CINV

Capital investments

CTG

Consolidated taxpayers group

P.R. China (PRC)

People's Republic of China

KPI

Key performance indicator

CPC

Caspian Pipeline Consortium

IAOTC

International Association of Oil Transporting Companies

OTP

Oil trunk pipeline

TPS

Trunk pipelines system

MTR

Material and technical resources

R & D

Research and Development activities

NCA

Non-core asset

OR

Oil refinery

OPS

Oil pump station

Transneft PJSC

Public Joint Stock Company “Transneft”

ETS

Entities of Transneft System

CMS

Control and Monitoring Station

OT

Oil terminal

ATA

Anti-Turbulence Additives

RF

The Russian Federation

OQQMS

Oil Quantity and Quality Measuring System (Crude Quality Control System)

SOSP (SOLSP)

Specialized oil seaport (specialized oil-loading seaport)

ICW

Installation and Construction Works

EMS

Environmental Management System

TON-1

Tuimazy – Omsk – Novosibirsk 1 oil trunk pipeline

TON-2

Tuimazy – Omsk – Novosibirsk 2 oil trunk pipeline

PS

Pipeline system

FER

Fuel & Energy Resource

CC

Communication center

FTD

Federal Treasury Department

FAMS

Federal Anti-Monopoly Service

ChRI

Chechen Republic of Ichkeria

DQS

International Auditing and Certication Group (Deutsche Gesellschaft zur Zertifizierung von Managementsystemen)

EBITDA

Earnings before interest and income taxes, corrected for non-operatonal incomes and expenditures, depreciation and amortization

ISO (International Organization for Standardization)

International Organization for Standardization

JSC «Transneft»

Public Joint Stock Company «Transneft»

KPI

Key performance indicators

ROE

Return on equity

ROIC

Return on invested capital (on operating income)

Total Debt

Total debt

 

Units of measument

T.

Ton

t.r.f.

Ton of reference fuel

Gcal

Gigacalorie (termal energy unit of measurement)

kWh

Kilowatt-hour

kW

Kilowatt

km

Kilometer

tkm

Tonne-kilometer

thous.

Thousand

mlrd

Milliard

mln

Million

RUR

Ruble

$US

US Dollar