Fanil Agliullin took part in the regular meeting of the Board of Directors of TATNEFT PJSC
Today, under the chairmanship of the President of the Republic of Tatarstan Rustam Minnikhanov, a meeting of the Board of Directors of TATNEFT PJSC named after V.D. Shashin.
The Board of Directors evaluated the activities in the field of business diversification of the TATNEFT Group, including the field of renewable energy. The Company continues to expand its portfolio of projects aimed at increasing the value of the Group.
The main initiatives in the segment of oil production, production and sale of fuel are aimed at monetizing existing competencies, including in other regions of Russia and the world, as well as ensuring the sustainability of the core oil production business. The creation of a multifunctional oilfield service unit will allow Tatneft to realize its capabilities in drilling, well development, geological and technological, design and engineering and other work in the field of oil production and development of oil fields.
One of the Company's long-term sustainability goals is to expand its non-fuel business. In the structure of operating profit by 2030, its share will be increased to 20%. The main investments in this segment are directed to petrochemicals, where the global market is characterized by favorable long-term prospects.
Tatneft pays special attention to improving the sustainability of the project portfolio to climate risks. Starting from 2020, a mechanism for assessing and accounting for climate risks is being consistently introduced into investment processes. Currently, for all medium and large investment projects, the possible future cost of greenhouse gas emissions is calculated and taken into account.
During the meeting, the members of the Board of Directors also heard information on the results of the budget execution of TATNEFT PJSC for 5 months of 2022, approved the budget for July this year, got acquainted with the progress report in the field of labor protection, safety and ecology; approved the Policy of TATNEFT PJSC in the field of combating corruption, the Policy in the field of cyber security and cyber stability, and also considered a number of other issues of production and economic activities.