Rustam Minnikhanov holds board session of OAO “Tatneft”

On December 24 Tatarstan President Rustam Minnikhanov held a board session of OAO “Tatneft” on summarizing results of budget execution for 11 months of 2013 and approving the budget for January and first quarter of 2014 at Tatarstan Government House. The report on preliminary results of geological exploration works for 2013 and plans for 2014 was also presented at the session.

In 2013, the company’s oil productive capacity made 35 mln tons. The planned geological exploration works were completely fulfilled. The drilling performance made 78 per cent.

Geological exploration works are to be continued at company’s license blocks in the Republic of Tatarstan and outside the republic. Information about small and medium enterprise development in Southeastern area of Tatarstan was presented at the session.

Thus, as a result of this 10-year programme, more than 2 thousand new jobs were provided, the amount of realised produce made 2.4 bln rubles, 400 mln rubles of tax revenues were transferred to consolidated budget.