international magazine
08 / 2004

The man and the pipeline

The appointment of Semyon Vainshtock as a head of oil pipelines operator Transneft five years ago meant little to everyone but narrow circle of industry professionals. However, over the past five years, Transneft achieved mind-blowing results, almost doubling export capacity from 120mn t (2.4mn b/d) to 210mn t (4.2mn b/d).