Transoil Explained

LLC Transoil is a railway operator in Russia and was founded in 2003. The company is one of the biggest railway transporters of oil and oil products in Russia.[1] LLC Transoil is based in Saint Petersburg, Russia. LLC Transoil operates 34,000 tanker railcars and 36 locomotives.[2]

Financial

Total sales for the LLC Transoil for the first three quarters of 2012 amounted to 51.1 billion rubles.

Ownership

Late in 2011, Konstantin Nikolaev and Nikita Mishin sold to Gennady Timchenko, who had owned an 80% stake, their 13% stake for $150–200 million in Transoil.[3] [4]

In December 2012, Iskander Makhmudov and his business partner Andrei Bokarev purchased a 13% stake in Transoil. They purchased the shares from Gennady Timchenko, co-owner of the global commodity trading company Gunvor.[5] LLC Transoil is a railway operator and is one of the biggest railway transporters of oil and oil products in Russia with total sales in 2012 of 51.1 billion rubles.

As of 2019, Timchenko owned an 80% stake in Transoil and Bokarev and Makhmudov owned a minority stake.[6]

Leadership

Vladimir Sokolov is the CEO of LLC Transoil. The board of directors includes Igor Valerievich, Viktor Komanov, Indrek Gusev, Alexey Kuvandykov, Alexander Nazarchuk, and Xenia Frank.[7]

Transportation of light petrochemicals

Since January 2011, LLC Transoil started transportation of light petrochemicals to the Rosneftbunker terminal in the Ust-Luga port in the Leningrad region. Since the start of the service, the total amount of transportation was about 12.1 million tons of heavy oil products. In 2012, the volume of cargo transportation increased by 52%.[8] LLC Transoil won contracts to carry 70% of freight on its tank wagons from Achinsky refinery, and more than 30% of cargo from Angarsk, including petrochemicals.[9]

Notes and References

  1. http://www.interfax.co.uk/russia-energy-news/businessmen-bokarev-makhmudov-buy-13-of-transoil-from-timchenko/ "Businessmen Bokarev, Makhmudov Buy 13% of Transoil From Timchenko"
  2. "Transoil buys first 3 electric locomotives for electrified routes", Russia & CIS Business & Financial Daily, 22 Feb 2013, accessed 13 Mar 2013 via Nexis
  3. News: Геннадий Тимченко нашел партнеров на дороге: Совладельцами "Трансойла" станут Искандар Махмудов и Андрей Бокарев. ru. Gennady Timchenko found partners on the road: Co-owners of Transoil will be Iskandar Makhmudov and Andrei Bokarev. 26 December 2012. Kommersant. 13 March 2022.
  4. News: Совладельцами Тимченко в "Трансойле" станут Махмудов и Бокарев: они покупают 13% компании. ru. Makhmudov and Bokarev will become co-owners of Timchenko in Transoil: they buy 13% of the company. December 26, 2012. Gazeta.ru. 13 March 2022.
  5. http://www.interfax.co.uk/russia-energy-news/businessmen-bokarev-makhmudov-buy-13-of-transoil-from-timchenko/ “Businessmen Bokarev, Makhmudov Buy 13% of Transoil From Timchenko”
  6. News: Скорлыгина . Наталья (Skorlygina, Natalya) . «Трансойл» разбавит нефть углем: Компания может купить железнодорожного оператора УГМК . Transoil will dilute oil with coal: The company may buy the railway operator UMMC . ru . . 23 May 2019 . 13 March 2022.
  7. Web site: Company Overview of Transoil LLC. https://archive.today/20140430150222/http://investing.businessweek.com/research/stocks/private/people.asp?privcapId=106348184. dead. April 30, 2014. 30 April 2014. 30 April 2014. Bloomberg Businessweek Investing.
  8. Web site: Transoil Started Transportation of Light Petrochemicals to Rosneftbunker Terminal . April 22, 2013 . RZD Partner . 20 June 2013.
  9. Web site: Transoil OOO - Company Profile and News. https://archive.today/20120713024232/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=106348184. dead. July 13, 2012.

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