Output growth in Tatarstan oil, gas and chemical sector to make 28 per cent by 2019

On July 25, at a Board session of OAO “Tatneftekhiminvest-holding” Oil Company chaired by Tatarstan President Rustam Minnikhanov, the company’s Director General Rafinat Yarullin said that working out of the Programme of Tatarstan oil, gas and chemical sector development for 2015-2019 is nearly finished.

Rafinat Yarullin noted that implementation of the programme will favour the output growth in Tatarstan oil, gas and chemical sector by 28 per cent as compared to 2013. Conditions for increasing production by 17 per cent more will be provided by 2020.

The programme implies quality changes in the sector.

Speaking about priority investment projects, Rafinat Yarullin informed participants of the meeting that Tatneft Oil Company strategy includes four main areas, such as adoption of new oil production and drilling technologies, development of superviscous and shale oil. The processing depth is expected to make 97 per cent by 2020. The Tatneft is reconstructing Nizhnekamsk Heat Power Station-2.

Tatneft tyre complex focuses on brand promotion, expansion of product range, and sales geography in Russia.

TAIF group is planning exponential growth of oil processing and petrochemical output. The priority task is to finish construction of the complex of advanced processing of oil residues by 2020.

The Nizhnekamskneftekhim Petrochemical Company will increase rubber production, build olefin complex, and polymerization facilities.

The Kazanorgsintez Organic Synthesis Plant will be modernizing present production facilities in the next 2-3 years and start new stage of investment development from 2017.