1.2.Key Indicators

Oil and Petroleum Products Transportation
Specific Operating Expenses on Oil Transportation
Specific Operating Expenses on Petroleum Products Transportation
Core Assets

In 2019, the total length of oil trunk pipelines decreased slightly as a result of decommissioning and dismantling of 491.4 km of the Michurinsk — Kremenchug oil trunk pipeline (Transneft Druzhba). The length of petroleum products trunk pipelines decreased by 265.6 km as a result of decommissioning and dismantling of the disconnected and unused sections of Transneft Kama Region’s and Transneft Urals’ pipelines.

Revenue, EBITDA and Net Profit under IFRS, RUB bn
Environmental protection
Transneft’s Weighted Average Tariff
PROBLEMS OF MECHANICS

THE SPEED OF AN OBJECT IS THE DISTANCE THE OBJECT TRAVELS IN ONE UNIT OF TIME

PROBLEM SITUATION: The maximum amount of oil should be delivered from point A, the Russian Federation, to point B, Asia and the Pacific. The Eastern Siberia — Pacific Ocean pipeline system is used for transportation. Its capacity is to be increased from 30 million tonnes to 80 million tonnes. The expansion project was launched in 2010 and was scheduled to be completed in 2030. Considering the high demand from oil companies for supply direction, Transneft decided to complete the work in record time — 11 years ahead of schedule.

S1 = 30 million tonnes (pipeline system capacity before increase)
S2 = 80 million tonnes (pipeline system capacity under the expansion project)
t1 — planned time of project implementation
t2 — actual time of project implementation
V1 — speed of project implementation according to the plan
V2 — actual speed of project implementation

Determine: How much the speed of the project implementation has changed in comparison with the plan? X — speed change

CHOOSE THE CORRECT ANSWER:


SOLUTION:

We find:

1. Pipeline system capacity achieved through the expansion project: S = S2 — S1 = 80 million tonnes — 30 million tonnes = 50 million tonnes

2. Planned time of the project implementation: t1 = B — A = 2030 — 2010 = 20 years

3. Planned speed of the project implementation: V1 = S / t1 = 50 million tonnes / 20 years = 2.5 million tonnes/year

4. Actual project implementation time: t2 = t1 — 10 years = 20 years — 11 years = 9 years

5. Actual speed of the project implementation: V2 = S / t2 = 50 million tonnes / 9 years = 5.(5) million tonnes/year

6. Change in the actual speed compared to the planned: X = V2 / V1 = 5.(5) million tonnes / year / 2.5 million tonnes / year = 2.(2) times


ANSWER: Х = 2.(2). The speed of the project implementation to increase the capacity of the Eastern Siberia — Pacific Ocean pipeline system in comparison with the plan has changed 2.(2) times (increased).



Pipes