The meeting of the Board of Directors of Transneft under the chairmanship of the Head of Federal Energy Agency S.A. Oganesyan was held on November 29. 

Issues under discussion are complex program of diagnostics, technical reequipment, rehabilitation and overhaul of trunk oil pipeline facilities for 2005. It is expected to invest for modernization of the system RR45,9 billion next year. Particularly, it is provided to carry out diagnostics inspection of  27000 km linear part of the pipeline by in-pipe tools and elimination of defects detected, replacement or bringing to standard technical condition of underwater crosses including such major crosses as through Volga and Belaya rivers with length of more than 10 km each.

According to the program, it will completely be reconstructed 18 oil-pumping stations, organized production and technological communication on the base of optical fiber and radio-relay lines and repaired hundreds of along-route power lines, electric drives, pumps, engines and other equipments.

Protection of trunk pipelines is also essential part of the modernization program. Transneft continues its course for realization of all security measures by its own strength.  In 2005 high emphasis will be placed on strengthening of anti-terrorist protectability of the system, prevention and suppression of crude theft attempts.

It was examined the question on fulfillment of Board’s decision dated October 30, 2002 with regard to introduction of  “Oil Quality Bank” system. The Board took into account results of test approbation of the system and information on optimization of the scheme of technological freight flows of oil and economic evaluation of the system introduction. The Company approved technical readiness to calculate amount of payment under its own methodic with provision of organizational, technical and methodical functions.  It is offered to organize activity on research and elaboration of  “quality loss” norm for specific hydrocarbons transportation routes.
 
Other issues of Transneft’s activity were also under discussion.