The first 2009-meeting of JSC “Tatneft” Directors Council

Tatarstan PM R.N.Minnikhanov held the meeting of JSC “Tatneft” Directors Council on Fabuary, 2. There have been discussed results of the company budget realization in 2008, budget for February and first quarter of 2009. In addition, the participants have been informed about oil production, stock addition, geological exploration works outside Tatarstan, in Russia and abroad.

Thus, according to Holding “Tatneft” more than 26 mln. tones of oil were produced in 2008, 294 000 tones – outside Tatarstan. Geological exploration works are being carried out on 5 contract territories in Libya and Syria.

Directors Council assessed the achieved results positively and entrusted Company Directorate with continuing of geological exploration works outside the republic taking into account economic efficiency of the projects; besides, it’s necessary to take measures and start industrial development of open deposits in Syria.