Rustam Minnikhanov holds session of Tatneftehiminvest-holding Board

A regular session of Tatneftehiminvest-holding Board chaired by RT President Rustam Minnikhanov was held in the RT Government House.

Director general of the holding Rafinat Yarullin told about outcomes of activity of oil-gas-chemical enterprises of RT for the first quarter 2012. Outcomes were assessed as positive. By and large, production has increased by 8 % including oil processing - 31,5 %, chemistry and petrochemistry – 4 %. The sum of shipped products made 212 bln roubles (by 18 % more than last year).

According to Rafinat Yarullin, good dynamics is determined by the beginning of financial and economic activity of TANECO and favorable pricing environment.

8 mln 94 thousand tons of oil have been produced for three months in republic. JSC Tatneft produced 6 mln 454 thousand tons. 3,7 mln tons of oil have been processed in Tatarstan, including TAIF-NK (2 mln tons) and TANECO (1,4 mln tons).

Rafinat Yarullin marked that in conditions of Russia’s entering WTO Tatarstan companies will have to pass through check-up for competitiveness of their produce. By the way, competitors reinforce their positions. To the point, China is going to extend petrochemical sector for 13 % annually and considers Russia one of the most attractive sales market.
Rustam Minnikhanov reminded that development of petrochemistry and oil-processing are priority task for Tatarstan.

RT President focused on several major projects launched in republic, - TANECO, TAIF-NK, and ethylene complex for 1 mln tons expected to be launched at Nizhnekamskneftehim this year.

Moreover, three perspective projects in the sphere of resource saving were considered at the session.