Tatarstan President chairs regular board meeting of Tatneftekhiminvest-holding

27 April 2017, Thursday

On April 27, speaking at a regular board meeting of Tatneftekhiminvest-holding chaired by Tatarstan President Rustam Minnikhanov at the Government House of the republic, Director General of the holding company Rafinat Yarullin reported that enterprises of the oil, gas and petrochemical complex of Tatarstan shipped products for the amount of 304 billion roubles in the first quarter of 2017. The production of rubber and plastic products grew by 7.1 per cent and chemical products - by 6.7 per cent, oil production increased by 3.1 per cent. At the same time, the output of oil products decreased by 7.3 per cent, he continued to report.

Base enterprises increased their production output by 2.2 per cent, revenue - by 25 per cent. The main growth was achieved owing to the oil production and refining companies.

Payments to the regional and local budgets increased by a third and exceeded 14.5 billion roubles. During a period from January to March Tatneft Oil Company produced 7 million 125 thousand tonnes of oil and 235 million cubic metres of associated gas. The company increased the extraction of super viscous oil by 2.5 times.

In the first quarter of the current year the volumes of oil and gas condensate processing decreased, the output of motor gasoline and diesel fuel declined. But the rise in prices for oil products allowed enterprises to increase their revenues after last year's decline and offset the reduction in output. Chemical enterprises of Tatarstan increased production of rubbers, technical carbon, detergents, polyethylene and polystyrene in the reported period.

The meeting also considered proposals for the organization of production of amino acids and pectin in Tatarstan, the capabilities of the Microsensor Technology and Electroshchit companies were presented.

Director General of Kazanskaya Yarmarka Exhibition Centre Lev Semenov made a report on holding Tatarstan Oil, Gas and Petrochemistry Forum-2017. Tatarstan President gave him an errand to organize the forum's events at a high level and invite competent experts to take part in it.

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