Rustam Minnikhanov holds regular session of JSC Tatneft Board

A regular session of JSC Tatneft Board chaired by RT President Rustam Minnikhanov was held in Almetievsk today.

Results of budget implementation for four months of 2012 have been considered and the budget for June has been approved. In addition, outcomes of the company’s financial and economic activity for the first quarter of the current year have been discussed.

To the point, 6 mln 654 thousand tons of oil have been produced for three months (by 0,9 % more than for the same period last year). Gross revenue from sales of shipped products has made 135,4 bln roubles. Net revenue (excluding VAT and export tax) has increased by 19,1 bln roubles and made 90, 4 bln roubles.

Members of the board discussed information about concept of constructing the Complex of advanced processing of heavy charge and realization of the project of constructing the hydrocracking Complex at JSC TANECO.

Attendees of the session also focused on issues of using drilled well stock by oil-and-gas producing departments of the company.

The board heard information about results of inspection of JSC Tatneft financial and economic activity for 2011 by audit company ZAO “Energy Consulting/Audit” and the revision commission, summary report on outcomes of work for last year, annual report and annual accounting reports.