Rustam Minnikhanov holds Board Session of PJSC “Tatneft”

On April 25, Tatarstan President Rustam Minnikhanov held a Board session of “Tatneft” Oil Company in Almetievsk. The Board reviewed the company’s budget execution for the first quarter of 2016 and approved the budget for May of the current year, as well as discussed the results of the financial and economic activities of the company for 2015.

Last year, the company produced 26 million and 927 thousand tonnes of oil. The production of super-viscous oil in Ashalchinsky oil field made 376 thousand tonnes. By and large, Tatneft group produced 27 million and 249 thousand tonnes of oil. 352 new wells were put into operation. Net proceeds made 463 billion rubles, the net profit – 85 billion rubles. Moreover, 97 billion rubles were allocated for the company’s investment programme.