Rustam Minnikhanov holds regular board session of OAO Tatneft

A regular board session of OAO Tatneft chaired by the Tatarstan President and company’s Board Chairman Rustam Minnikhanov was held in Almetievsk.

Results of budget execution by OAO Tatneft for ten months of 2012 have been considered, the December budget has been approved and the budget for 2013 has been discussed at the session. Moreover, information about main results of financial and economic activity has been heard.
19 mln 456 thousand tons of oil have been produced for nine months. The volume of associated petroleum gas has made 630 mln cubic meters.

226 tons of oil have been produced outside the republic (17.3 % more than for the same period of 2011). Gross proceeds from the sale of shipped products has accounted for 412 bln roubles, net proceeds has increased by 13 % and made 259.6 bln roubles.

The innovative program in the sphere of subsurface management and realisation of investment oil production program was also discussed at the session.