Tatarstan oil companies produced 25 million tonnes of oil for nine months

On October 29, Tatarstan President Rustam Minnikhanov held a meeting on activity of small oil companies in Almetievsk. Director General of Tatneft Oil Company Nail Maganov, heads of ministries and agencies, and territorial subdivisions of federal authorities taking part in it.

Rustam Minnikhanov told that Tatarstan oil companies produced 24 million 784 thousand tonnes of oil (0.9 per cent more than last year) for nine months of the current year. Tatneft produced 19 million 602 thousand tonnes, small oil companies – 5.18 million tonnes.

Tatarstan President stressed that small oil companies make a considerable contribution to formation of regional budget.

“Oil industry is the basis of economy. It is especially important today when oil prices are falling, and the dollar is going up,” Rustam Minnikhanov said.
He assured that government authorities will render comprehensive assistance in solving problems of oil industry workers.

According to the President, it is important to keep all achieved results when the share of hard-to-recover reserves is so big, and focus on import substitution.
Rustam Minnikhanov continued that users of imported products should estimate all risks, and use best practices of Tatneft and other Russian companies.

Director General of ZAO “Neftekonsortsium” Fanis Valiev told about results of work of Tatarstan small oil companies for nine months of 2014 and expected results till the end of the year.

Tatarstan Minister of Finance Radik Gaizatullin told about payments into the regional budget made by small oil companies.