Tatarstan President was informed about work of petrochemical and gas enterprises in 2021

Speaking at a meeting of the Board of directors the Tatneftekhiminvest holding presided by Tatarstan President Rustam Minnikhanov in the Government house of the republic, Director General of the holding Rafinat Yarullin has said that main petrochemical and gas enterprises of the republic increased their production by 6.8 % in 2021.

The enterprises paid about 87bn roubles of taxes into regional budget which was by 61% more than in 2020, he said. 

There was a continuous growth of production of light oils, detergents and plastic goods. The production of chemical and rubber goods has been also recovering and due to weakening of OPEC limitations oil production has partially recovered from the 2020 drop, Yarullin continued.

Telling the participants of the meeting about oil and petrochemicals production in 2021, Yarullin said that the TATNEFT Oil Company produced 27m 529 thousand tonnes, including more than 3.5m tonnes of super-viscous oil and that was by 7% more than in 2020. The TANECO Company increased refining production by 9.6%, having launched 7 new refinery installations. In the current year the plan is to increase production of petrol from 1.5m to 1.8 m tonnes and diesel from 5.8 to 7.5m tonnes. 

The Tatneft tire complex manufactured more than 12 million of tires in 2021 which was by 8.6% more than in 2020 and the Nizhnekamskuglerod carbon producer manufactured 136 thousand tonnes of carbon black. Due to growth of the raw materials prices in 2021, such Tatarstan companies as the Kazan Organic Synthesis Plant, Nizhnekamskneftekhim Petrochemical Plant and Ammonium Fertilizers Plant earned maximum revenues and the TAIF-NK got profit after a long period of losses, Yarullin said. 

He concluded that the growth of financial indicators of most regional petrochemical and gas enterprises in 2021 makes it possible to increase investments, and the zone down the Kama River, where exporting companies and international corporations plants are located can become a promising site for development of low-carbon initiatives and decreasing the carbon footprint.