Transneft definition

Transneft which shall perform, inter alia, the following functions: shall enter into oil transporting services agreements (contracts) with the oil consignors (oil owners) on the transportation of oil from production areas to the port of Alexandroupolis, shall form the oil flows along the entire transit route, shall manage the dispatcher services, shall elaborate and implement the schedules of supply and loading (unloading) of oil tankers at oil loading terminals, as well as schedules of oil transit through the system of the oil trunk pipelines. The Russian Party, in accordance with the request of oil consignors - oil-producing companies, shall ensure that the oil shipment volumes transported through the Oil Pipeline are included in the schedules of oil transit through the system of the oil trunk pipelines, approved in accordance with the procedure established by the Russian Party. The right of ownership to the oil transported through the Oil Pipeline shall be retained by the oil consignors, in accordance with the provisions of the relevant commercial agreements (contracts).
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Transneft. ’ means OAO AK TRANSNEFT, which has its registered o⁄ce in Moscow, Russia.
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Examples of Transneft in a sentence

  • The payment shall be made to the Transneft settlement account in Rubles at the exchange rate of the RF Central Bank on the date of payment.

  • Lessee shall deliver to the Lessor a copy of instructions sent to JSC Transneft.

  • In the event of the Consignor's failure to deliver the signed acts or the justified disagreements to the document to Transneft within the time frame specified in this paragraph, it will be considered as the Consignor's consent with the acts prepared and signed by Transneft unilaterally.

  • The payment shall be made by the Consignor not later than the 15th of a month that follows the one under review to the accounts specified by Transneft.

  • This being the case, Transneft shall not reimburse the Consignor for the losses incurred.

  • The Consignor shall sign the acts at the location of Transneft before the 23rd of a month specified in this item.

  • An interesting parallel can be drawn with an existing monopoly in the crude oil pipelines, with state-owned OAO Transneft owning all the transport capacity.

  • The Consignor shall sign the acts and ensure the delivery of the acts of mutual settlements revision to Transneft not later than 35 calendar days upon the last day of a reporting month.

  • Energy cooperation has advanced significantly with $25 billion loan to Russian State companies Transneft and Rosneft in 2009 to build an oil pipeline from Irkutsk to China (and eventually the Pacific) that would guarantee supplies of 300,000 barrels a day of crude to the PRC for 20 years.

  • Transneft shall execute an act of acceptance, handover, losses and residue of the Consignor's oil (Annex #9) not later than the 10th of a month that follows the one under review and the Consignor shall sign it at the location of Transneft before the 12th of a month specified in this item.