Rustam Minnikhanov: The Program of developing oil-gas-chemical complex may be corrected

Board session of JSC “Tatneftehiminvest-holding” was held in RT Cabinet under chairmanship of RT President Rustam Minnikhanov. Results of activity of RT enterprises of oil-gas-chemical complex in 2010 and objectives for 2011 and a number of perspective projects were discussed at the session.

The state of oil-gas-chemical complex in republic was characterized by stabilization and improvement of financial-economic situation at enterprises. This was said by Director General of JSC “Tatneftehiminvest-holding” Rafinat Yarullin. By his words, increase of production rates was observed almost in all spheres in comparison with 2008. Oil sector has remained the largest source of revenues into republican budget.

Rafinat Yarullin called launch of first stage of oil-refining complex “TANECO” in Nizhenkamsk a significant event in this sphere.

Positive tendencies were marked in tire complex of republic.

Rafinat Yarullin said that one of the main problems existing in the sphere lack of raw materials, which restrains realization of large petrochemical projects in republic.

“Petrochemistry has always been a priority sector in development of Tatarstan economy”, - Rustam Minnikhanov summarized.

Director General of “Vostokneftezavodmontazh” (Ufa) Khalit Bikmukhametov informed about cooperation of enterprises of Bashkortostan Republic and Tatarstan Republic.

President of Tatarstan welcomed such cooperation as far as oil-gas-chemical and engineering complexes of two republics are historically interrelated.