“Transneft” has extended the long-term programme, funding reduced to 176 billion rubles.

MOSCOW, January 13. /TASS/. “Transneft” has extended the long-term development program to the year 2021, the amount of funding for the 2016-2021 years reduced to 176 billion rubles to 1.5 trillion rubles, told journalists the Vice-President Aleksey Sapsay.

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“The basic monetary unit in the long-term development program. We had to RUB 2.1 trillion for 2014-2020. Now, one year added, 2016-2021 years (total funding amount) to 1.5 trillion rubles. Added one year and the program fell by 176 billion rubles,” – he said.

Aleksey Sapsay also said that “Transneft” in 2017, will reduce the amount of funding for capital investments by 2.8% compared with the previous year to 328 billion rubles .

“The total funding of capital investment, including the investment program and technical upgrade program, in 2017 will amount to 328 billion rubles,” – he said, noting that in 2016 this figure was 337,5 billion.

Sapsay said that from the overall programme in 2017 for modernization and repairs have 185 billion, with 143 billion rubles to Finance the investment. In the past year on technical re-equipment program had 183 billion roubles for the investment program is 154 billion rubles.

“New construction, the peak is in 2016 (154 billion rubles), in 2017 we expect about 143 billion rubles, 2018 – 80 billion rubles 2019 – 46 billion roubles. We’ll see, but goes on reducing the investment unit,” said Sapsay.

According to him, last year commissioned 2.8 thousand km of trunk pipelines, including a 1.5 thousand km after the repair and technical re-equipment, 1.3 thousand km – new. In 2017 planned to enter after the technical upgrading and repairs 1.7 thousand km of pipelines.

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