Fanil Agliullin took part in the work of the regular meeting of the Board of Directors of TATNEFT PJSC
President of Tatarstan Rustam Minnikhanov held a regular meeting of the Board of Directors of TATNEFT named after V.D. Shashina PJSC. The event took place at the Government House of the Republic of Tatarstan.
At the meeting, the execution of the budget of TATNEFT PJSC for ten months was considered and the budget for December 2021 was approved, information on the status of accounts receivable and payable for 9 months of the current year was heard.
The Board of Directors reviewed the results of the financial and economic activities of TATNEFT Group for nine months of 2021. Oil production increased by 5 percent compared to the same period last year, and tire production increased by 18 percent; heat supply increased by 26 percent; 15 percent - electricity generation. The volume of production of petroleum products, sales of petroleum products through the retail distribution network, and the production of petrochemical and composite products also increased.
In the reporting period, a high rate of investment activity remained. The key investment project is still the TANECO complex, within the framework of which hydrogen production and catalytic cracking units were commissioned. The company continues to implement a project for the production of tires in Kazakhstan.
The Board of Directors decided to convene an extraordinary general meeting of shareholders and recommended that shareholders approve interim dividends for 9 months of 2021. Taking into account the previously paid dividends for 6 months of 2021, it is recommended to pay 26 rubles 50 kopecks for each ordinary and preferred share (2650% of the par value), the additional payment will be 9 rubles 98 kopecks for each ordinary and preferred share.
The extraordinary general meeting of shareholders will be held on December 29, 2021 and will be held in the form of absentee voting. The list of persons entitled to participate in the extraordinary general meeting of shareholders will be formed as of December 5, 2021. The board of directors recommended approving January 10, 2022 as the date on which the persons entitled to receive dividends will be determined.
At the meeting, the award was also given to the Deputy General Director - Director of the Department of Public Joint Stock Company TATNEFT in the city of Kazan Damir Mukhametshin, who was awarded the Medal of the Order of Merit to the Republic of Tatarstan Joint Stock Company TATNEFT.
Also at the meeting a number of other issues related to the current activities of TATNEFT Group were considered.