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Transneft () is a Public ownership oil pipeline company headquartered in Moscow, Russia. It is the largest oil pipeline company in the world. , it operated over of trunk pipelines and transported about 80% of oil and 30% of oil products produced in Russia.
Semyon Vainshtok headed Transneft from 13 September 1999 to 11 September 2007.
In 2008, Transnefteproduct, a company transporting refined oil products, was merged into Transneft.
In 2018, Transneft took over 31% of shares which belonged to the Russian Federation in Caspian Pipeline Consortium. In 2021, the company's revenue amounted to 998 billion rubles.
On February 24, 2022, in response to Russia's military operations in Ukraine, several countries moved to impose more economic sanctions in addition to those in response to the 2021–2022 Russo-Ukrainian crisis. US President Joe Biden announced sanctions against several Russian individuals, companies, and financial institutions, including Transneft. In March 2022, as a result of the 2022 Russian invasion of Ukraine the EU imposed sanctions on Transneft.
Transneft has been repeatedly criticized for the lack of transparency regarding its expenditures on charity. From 2007 to 2011, the company did not disclose information on recipients of these funds. In 2011, Transneft officially published information about its charity expenditures. It turned out that from January to 2011, the company spent on charity 3.21 billion rubles. However, only 52 million rubles were used to support several charity institutions, and 2.55 billion rubles were transferred to the Konstantinovsky charity foundation (its chair was Vladimir Kozhin, a former head the Directorate of the President of the Russian Federation).
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