The board of Russia's national oil pipeline monopoly Transneft has decided not to amend the company's long-term investment program up to 2020, but to reshuffle the planned spending and shift the launch of some projects due to a lower-than-expected tariff increase. A spokesman for the company told International Oil Daily that Transneft's investment plan up to 2020 should stay at the earlier planned 2.17 trillion rubles ($33.73 billion) figure, the board decided at a meeting Wednesday.
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