Azat Hamayev has taken part in the meeting of the Board of Directors of PJSC «Tatneft»

Today the regular meeting of the Board of directors of PJSC «Tatneft» under the chairmanship of the President of the Republic of Tatarstan Rustam Minnikhanov has taken place in the Government house of the Republic of Tatarstan.

During the action information on financial and economic activity of the «Tatneft» company in nine months 2017 has been heard. The volume of oil production was 21,4 million tons that there is 2,6% above than the level of corresponding period of last year. 644 new production wells and 181 delivery wells are put into operation. The volume of collecting associated petroleum gas was 698 million cubic meters.

According to Russian accounting standards revenue – gross of PJSC «Tatneft» from realization of the shipped production in 9 months 2017 has made 502,4 billion rubles, revenue - net (without the VAT, export duty and excises) – 417,5 billion rubles, net profit - 86,2 billion rubles. The total amount of investments on the «Tatneft Group» was 63 billion rubles.

The board of directors has considered plans for oil production and geological and technical actions for 2018. The production program providing production of 28,7 million tons of oil is approved. In case of the lifting of restriction provided by the agreement with the countries of "OPEK+", the volume of the extracted oil can be increased. At any development of the situation is planned to receive operating profit in this business direction higher than the level, which is put in the Development strategy of the Company.

Some other questions of activity of the «Tatneft» company has also been considered at the meeting