LLC Transoil is a railway operator in

Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eigh ...

and was founded in 2003. The company is one of the biggest railway transporters of oil and oil products in Russia."Businessmen Bokarev, Makhmudov Buy 13% of Transoil From Timchenko"
''Russia & CIS Business and Financial Newswire'', 26 Dec 2012 LLC Transoil is based in

Saint Petersburg, Russia Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), i ...

. LLC Transoil operates 34,000 tanker railcars and 36 locomotives."Transoil buys first 3 electric locomotives for electrified routes", ''Russia & CIS Business & Financial Daily'', 22 Feb 2013, accessed 13 Mar 2013 via Nexis

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 Gennady Nikolayevich Timchenko (russian: Геннадий Николаевич Тимченко, ''also spelled'' Guennadi Timtchenko; born 9 November 1952) is a Russian oligarch and billionaire businessman. He founded and owns the private inv ...

, who had owned an 80% stake, their 13% stake for $150–200 million in Transoil. In December 2012,

Iskander Makhmudov Iskander Kakhramonovich Makhmudov (russian: Искандар Кахрамонович Махмудов uz, Искандар Қаҳрамонович Маҳмудов; 5 December 1963 Bukhara, Uzbek SSR, Soviet Union) is an Uzbek-born Russian bu ...

and his business partner Andrei Bokarev purchased a 13% stake in Transoil. They purchased the shares from

, co-owner of the global commodity trading company Gunvor.“Businessmen Bokarev, Makhmudov Buy 13% of Transoil From Timchenko”
''Russia & CIS Business and Financial Newswire'', 26 Dec 2012 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.

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.

Transportation of light petrochemicals

Since January 2011, LLC Transoil started transportation of light

petrochemical Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable ...

s to the Rosneftbunker terminal in the Ust-Luga port in the

Leningrad region Leningrad Oblast ( rus, Ленинградская область, Leningradskaya oblast’, lʲɪnʲɪnˈgratskəjə ˈobləsʲtʲ, , ) is a federal subject of Russia (an oblast). It was established on 1 August 1927, although it was not until 194 ...

. 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%. 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.

References

External links

* {{official website, http://transoil-spb.ru/en/ Railway companies of Russia Railway companies established in 2003 Companies based in Saint Petersburg Russian entities subject to the U.S. Department of the Treasury sanctions