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Today's paper. Last Updated: 05/28/2012

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For the Record

Transneft posted 188.1 billion rubles ($6 billion) in net profit last year, up from 118.6 billion rubles in 2010, the company said Thursday. (Reuters) Belarus imported 5.56 million tons of oil in the first quarter of this year, a 25.1 percent year-on-year...

For the Record

... directors has recommended a 2011 dividend of 0.03 rubles per share, up from last year's 0.02 ruble payout, for a total payout of 1.2 billion rubles ($39.7 million). (Reuters) The government has extended the contract with Nikolai Tokarev as president of Transneft for the next three years, Vedomosti reported Friday. (Reuters)

Green on Green: Shipping Threatens to Trouble Baltic Waters

By Angelina Davydova and Ekaterina Glebova / Special to The Moscow Times

... about 52.5 billion rubles in rail links. By 2018 they even plan to construct a new freight airport for transferring cargo to Siberia and the Far East. Ust-Luga also hosts the terminal of the 1,100-kilometer Baltic Pipeline System 2, or BPS-2, built by Transneft as an alternative route to European markets after a trade dispute interrupted supplies through the Druzhba pipeline via Belarus in 2007. The port began to receive oil from BPS-2 in March this year. So far it is still working under a "test...

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