Rustam Minnikhanov holds regular session of JSC Tatneft Board

28 November 2011, Monday
A regular session of JSC Tatneft Board chaired by Tatarstan President, Chairman of the board Rustam Minnikhanov took place on November 28, 2011 in Kazan (the Republic of Tatarstan).

Results of budget implementation by JSC Tatneft for 10 months 2011 were considered, the budget for December was approved, and the budget for 2012 discussed. Information about main results of financial - economic activity of the company was heard.

In particular, 19 mln 393 tons of oil were produced, 395 thousand tons were produced above the plan. 237 new producing wells were put into operation. Production of associated petroleum gas made 585,6 cubic meters, 209 thousand tons of broad fraction of light hydrocarbons were produced.

59,4 bln roubles of before-tax income were received by results of financial - economic activity.

Moreover, realization of investment program on oil production in the current year and formation of investment program for 2012 were discussed.

Other issues regarding the activity of JSC Tatneft were discussed at the session.
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