Tatarstan President holds meeting on results of the year at TANECO

On December 26, in Nizhnekamsk , Tatarstan President Rustam Minnikhanov held a final meeting on the implementation of the TANECO Oil Refining and Petrochemical Complex project. Director General of Tatneft Oil Compnay Nail Maganov, Director General of TANECO Leonid Alekhin, Head of Nizhnekamsk municipal region Aidar Metshin and other officials attended the session.

Before the meeting, its participants had visited the Nizhnekamsk thermal-power plant. The first stage of modernization works ended there today. The electric capacity increased from 380 to 730 megawatt. The second stage implies to convert the plant into a new type of fuel, oil coke. The oil coke will allow Tatneft to realize a “closed cycle” task: to produce electric and thermal power for oil-extraction and processing from its own raw materials.

Leonid Alekhin made a summary report at the meeting. He noted that 2014 was a year of robust growth of the output and widening of the product range. Preliminary, TANECO processed 8.5 million tonnes of raw material in 2014.

Along with the launch of a combined hydro-cracking installation, the output of light oil products grew by 17 per cent and attained 67 per cent. The firm started to produce highly demanded and liquid diesel Euro-5, high-quality airplane kerosene.

Summarizing 2014, Rustam Minnikhanov thanked the participants of the TANECO project. He noted that a highly professional and competent team was set up for this strategic project.