Pipeline operator Transpetrol with 500 million Sk gross

State-owned crude oil pipeline operator Transpetrol reported a gross profit of just under 500 million Slovak crowns ($12 million) nine months into 1999. The company's revenues totaled 1.63 billion crowns against costs of 1.13 billion crowns. Transpetrol Director Stefan Czucz said the results were in line with the firm's 1999 financial plan.

Transpetrol operates and administers Slovakia's crude oil pipeline system. Beside the parent company, Transpetrol, three affiliates operate in Slovakia: Transpetrol-Tranzit, Transpetrol-Trading, and Transpetrol-Service. Transpetrol's share assets are 1.9 billion crowns, and it employs 474 people. The company transports Russian crude oil through Slovakia's pipeline network and secures its storage and the environmentally-acceptable operation of the system. The company is state-run because of its strategic importance to the economy, and is excluded from privatization.

Top stories

News digest: Slovakia spent €40 million in the past three months to treat Covid patients

Slovakia supports Poland and the Baltic states in their efforts to protect their border with Belarus. The European Commission has launched legal action against five countries, including Slovakia.

14 h
Illustrative stock photo

Mandatory vaccination in compliance with the Constitution. Even Fico extended it in the past (Q&A)

The Sme daily prepares answers to questions on mandatory vaccination in Slovakia.

1. dec
Some schools in Slovakia have been closed.

Schools in Bratislava will switch to remote learning

Only kindergartens and grades one through four will remain open.

1. dec
Skryť Close ad