Petrochemical complex of Tatarstan increased its production output by two per cent for six months

On August 3, at Tatarstan Government House, speaking at a Tatneftekhiminvest-holding board meeting chaired by Tatarstan President Rustam Minnikhanov, Director General of the holding Rafinat Yarullin said that for six months of the current year the petrochemical complex of Tatarstan has increased its production output by two per cent. 

For six months the republic has produced 17 million 285 thousand tonnes of oil and 501 million cubic meters of associated gas, processed 8.8 million tonnes of oil and gas condensate. Group of companies have produced 13 mln 908 thousand tonnes  of oil, 31 per cent of which were sent for processing to the TANECO Refining and Petrochemical Plants Complex, which produced four million 555 thousand tonnes of oil products, which is 5 per cent more compared to a year earlier.

The aggregate value of products dispatched by petrochemical enterprises has made 555 billion roubles. Tatneft oil company has increased its assignments to the consolidated budget of the republic by 17 per cent through personal income tax, property and land tax. TAIF Group of Companies has received 183 billion roubles in revenue for the first half of 2016.

The Board also considered a number of projects and proposals for the petrochemical complex of Tatarstan.