2.3.Comparison with Similar Oil and Petroleum Products Transportation Companies in Different Countries

The section contains results of the updated comparative analysis of the indicators of specific operating expenses of Transneft compared with leading foreign companies in the field of oil and petroleum products transportation for 2016–2017, conducted by the international consulting company KPMGRead more. During the study, the main sources of information were annual reports of companies, reports submitted to the US Securities and Exchange Commission, industry-specific reports provided to the US Federal Energy Regulatory Commission and other public sources. The data for 2018-2019 was not yet published at the time of research.

Transneft maintains consistently low levels of specific operating expenses.

Specific operating expenses related to oil transportation, USD per 100 tkm
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Specific operating expenses related to petroleum product transportation, USD per 100 tkm

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PROBLEMS OF MECHANICS

THE ENVIRONMENT IS A SUBSTANCE FILLING A CERTAIN SPACE

PROBLEM SITUATION: In 2019, the Russian Federation produced 560.2 million tonnes of oil. It is known that the share of Transneft in oil transportation amounted to about 83.11%.

V = 560.2 million tonnes (volume of Russian oil produced)
Y = 83.11% (Transneft’s share in the transportation of Russian oil)

Determine: how much Russian oil was transported by Transneft through the oil trunk pipelines system in 2019?

X — volume of Russian oil transported by Transneft.

CHOOSE THE CORRECT ANSWER:


SOLUTION:

We find the volume of Russian oil transported by Transneft:
X = (V × Y) / 100% =
(560.2 million tonnes ×83.11%) / 100% = 465.6 million tonnes


ANSWER: Х = 465.6 million tons. In 2019, Transneft transported 465.6 million tonnes of Russian oil.