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Our History

Since 1996, Transnafta has been making energy history. The following is a timeline tracking our company’s growth and evolution as a leader in worldwide energy innovations.

1996

Transnafta is founded under the leadership of president Gusinsky Avram Genadivich with the help of his brother Gusinsky Borris Genadivich in northwestern Siberia Russian Fedration's leading center for crude oil.

1997

Transnafta awarded the contract to deliver gas to Belarusian gas monopoly Beltransgaz

1998 - 2000

Transnafta while establishing its self as a major international Russian oil Company gets oil drilling licenses in Equatorial Guinea, Libya, Angola, Kazakhstan, South Africa and Norway.

2001

Transnafta Starts refining crude oil in the Kuibyshev Oil Refinery in Achinsk city in Krasnoyarsk Krai, Russia.

2004

Transnaftahas dispute with Belarusian gas monopoly Beltransgaz after failure to pay $23.5 million in time. Later the dispute is resolved with an agreement between the two parties allowing the immediate resumption of supplies at precrisis rates.

2005

Transnafta Discovers new oil off shore reserves in Equatorial Guinea

2007

Transnafta bids and buys 41% of Yukos Assets which include most of her former refineries.