Tatneft

JSC Tatneft is one of the leading companies in the Russian oil and gas sector.

Most of the company’s production is carried out in the Republic of Tatarstan. Annual production is approximately 26 million metric tones of crude oil. Based on international classification, as of 1 January 2011 proven oil reserves of the company were approximately 6 billion barrels (842 million MT). Upon crude oil production the company utilizes a large number of modern and innovative technologies. The company carries out pilot production of highly viscous oil (bitumen) reserves.

In 2011 the company launched a new refinery TANECO in Nizhnekamsk, Tatarstan, with annual crude oil processing capacity of 7 million metric tones. The company continues the construction of a hydrocracker facility, which will increase the depth of refining and output of light products. In the future the company plans to increase the depth of refining up to 97%.

Some leading producers of tires in Russia are part of the company’s petrochemical segment.

The Republic of Tatarstan is the company’s largest shareholder. Tatneft’s shares and depositary receipts are traded on Russian exchanges and outside of Russia.

 
 
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