Second oil refining complex with a 7-million-ton oil capacity can be built at TANECO refinery

On June 28 at a general shareholders meeting of OAO Tatneft (Almetievsk) Tatarstan President Rustam Minnikhanov said how republic would manage to maintain oil production level of 32 mln tons per year in the nearest decade.

According to Tatarstan President, effective technologies are adopted at OAO Tatneft oil fields in all production sectors.

In particular, OAO Tatneft was the first Russian oil company which faced the problem of effective production of tight oil, for example bitumen oil.

However, science-based oil field development programme and government support make it possible to effectively increase oil production.

Today, oil production rate for 100 m of a horizontal well hole correspond to those of the leading oil companies in Canada.

Besides, Rustam Minnikhanov said that the company had started researching light tight oil. He also noted that within recent 5 years OAO Tatneft industrial reserves growth made 131 mln tons with oil output of 129 mln tons.

Thanks to scientists and OAO Tatneft specialists, oil production rate is increasing steadily.

Today, wells with oil flow rate less than 1 tons per day are effectively used for efficient oil-field development. Their annual oil production made 828 thousand tons.

According to Rustam Minnikhanov, effective development of carbonate basin resources, increase of tight oil production, development and implementation of new methods for oil recovery increase are priority areas for the company’s innovative development. Tatarstan President added that the work in these areas had already been started.

Later, answering journalists’ questions, Tatarstan President informed about plans on oil-processing industry development. “Our dream is to build the second oil refining complex with a 7-million-ton oil capacity at TANECO refinery in Nizhnekamsk,” Rustam Minnikhanov continued. According to Tatarstan President, it is necessary to come to an agreement with the federal center about this issue.