Oil production and refining and plastics release increased in Tatarstan

The next meeting of the Board of Directors of JSC "Tatneftekhiminvest-holding" held today under the chairmanship of the President of the Republic of Tatarstan Rustam Minnikhanov.

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

According to the speech of General Director of JSC "Tatneftekhiminvest-holding" Rafinat Yarullin there are growing volumes of both production and refining, production of plastic products in the petrochemical complex of the republic. According to the results of I quarter 2016 the production of chemical products remained at the same level as last year.

However, according to him, revenues, profits and payments to the national budget for the fuel sector are reduced. The rise in the chemical and petrochemical industry is due to the launch of "Ammonium"complex, increased sales in major chemical plants: "Kvart" and "Himgrad".

In general, in the petrochemical complex, volume of products shipped in the I quarter decreased by 7 percent - to 257 billion rubles..

 "Tatneft" for the I quarter of this year increased its oil production by 5.4 percent - up to 6 million 847 thousand tons. Small oil companies grew by 1 percent. The growth was due to a significant increase in drilling wells.

Production of oil products increased by 4.2 per cent in the I quarter of 2016, including diesel fuel - by 26 percent, motor gasoline - by 2 percent. Including the "TANECO" oil products output grew by 8 percent, on "TAIF-NK" - by 6.9 percent.

The total output of chemical products remained at the same level as last year. The increase in production of mineral fertilizers, rubber and detergents is balanced the decrease in polyethylene and carbon black production.

"Nizhnekamskneftekhim" has increased production by 1.7 percent. Plastics release stored at the level of last year.

On "Kazanorgsintez" production decreased by 3.5 percent. Reducing the supply of ethylene led to the release of polyethylene fall by 6 percent.

"Nefis Cosmetics" has increased production by 18 percent by increasing the release of liquid detergents and soaps. There is a decrease in sales of cleaning products and detergents.