Azat Hamaev attended the regular meeting of the Board of Directors of PJSC "Tatneft"

The next meeting of the Board of Directors of PJSC "Tatneft" was held today under the chairmanship of the President of the Republic of Tatarstan Rustam Minnikhanov.

The meeting was held at the House of the Government of the Republic of Tatarstan (Kazan).

The meeting reviewed the results of the implementation of the budget for the ten months of 2015, approved budgets by December this year and for 2016.

Information about the main results of financial and economic activity of the company was heard.

In the first nine months of this year produced 19 million 885 thousand tons of oil, which is 1.4% more than in the corresponding period of 2014, the volume of associated gas amounted to 668 million cubic meters. On Ashalchinskoye field produced 267 thousand tons of extra-viscous oil, which is 56% above the corresponding period last year. Since the beginning of the application of thermal methods as of October 1, 2015 produced 830 thousand tonnes of EVO.

During this period, net proceeds (net of VAT and export tax) from the sale of shipped products amounted to 349.2 billion rubles. It received 90.2 billion rubles of profit before tax, net profit amounted to 69.7 billion rubles.

The meeting discussed the effectiveness of technology in horizontal drilling. It was noted that their further improvement is one of the most important tasks in the production of the company. Horizontal drilling allows to increase oil production from fields that have long been in use, including the provision of industrial development areas previously considered inefficient or low profitability.

Reviewed the implementation of the investment program and its project for 2016.

On the Board of Directors also considered a number of other issues of PJSC "Tatneft".

Photo Report

According to the press service of PJSC "Tatneft"