Rustam Minnikhanov again chairs OAO Tatneft Board

On June 28 at a general shareholders meeting of OAO Tatneft Tatarstan President Rustam Minnikhanov said that the reporting year was not easy for republic. However, due to stable activity of key industries, annual results were good enough.

Thus, the Gross Regional Product has increased by 5,5 per cent and made 1 trillion 415 bln rubles. Oil production has increased by 26 per cent.
After putting into operation “TANECO” Complex of oil-refining and petrochemical plants 14 mln tons of oil have been refined.

As for social orientation of the budget, the level of priority expenses made 76 per cent. Tatneft made a considerable contribution to this sphere by transferring 22 bln rubles to the consolidated budget.

Rustam Minnikhanov mentioned that maximum amount of oil has been produced since 1992 - 32 mln 700 thousand tons. He emphasized that oil production has always been the main industry of Tatarstan economy, and the same rates will be maintained in republic for the next 30 years.

Rustam Minnikhanov reminded that this year Tatarstan celebrates 70th anniversary of the beginning of industrial development of oil fields and 60th anniversary of Almetievsk city, the oil capital of Tatarstan Republic.

Particiapnts of the annual shareholders meeting elected the Board of directors comprised of 15 people. Tatarstan President Rustam Minnikhanov was again appointed Chairman of the company’s Board.