Azat Hamayev took part at the annual meeting of shareholders of PJSC «Tatneft»

Annual meeting of shareholders of PJSC «Tatneft» took place in Almetyevsk today.

The Prime minister of the Republic of Tatarstan Alexey Pesoshin participated in an action.

Results of activity of PJSC Tatneft for 2016 were presented by the CEO of the company Nail Maganov.

2016 became qualitatively new stage in development of the company which started realization of Strategy for the period till 2025. Keeping continuity with the previous stages of development, Strategy-2025 is concentrated on creation of high added value on the capital invested by shareholders and doubling of shareholder value of the company.

According to Nail Maganov, in reporting year the consolidated share capital increased by 51,2 billion rubles and made 709 billion rubles.

The total cost of the consolidated assets of the company exceeded one trillion rubles. From 2011, from the moment of commissioning of the «TANEKO» Complex, the cost of the consolidated assets grew almost twice.

As Nail Maganov noted, high operational results on all business to segments are achieved.

As of December 31, 2016 according to SPE-PRMS classification the volume of the proved reserves of oil and condensate of the company made 872,3 million tons, and taking into account gas reserves – 910,3 million tons.

Production volume on PJSC « Group of companies Tatneft » in 2016 made 28,7 million tons of oil.

Сapacities of «TAHEKO» in reporting year are processed more than 8,7 million tons of petroraw materials, 9,1 million tons of oil products, including 1,6 million tons of diesel fuel of Euro-5 and more than 130 thousand tons of aviation kerosene. Diesel fuel of «TAHEKO» conforms to the international standards of quality and enters the 100 best goods of Russia list. Fuel production of «TAHEKO» is noted by the Gold quality marks.

Start-up of the installation of the slowed-down coking which allowed to increase processing depth of «TAHEKO» to the end of the year to 99,2% became a significant event of year (average depth of processing in 2016 made 79%). The output of light oil products reached 87%. The settlement index of complexity of oil processing of «Nelson» of «TAHEKO» in 2016 reached 7,12 points.

EBITDA indicator by last year made 6,4%, having reached 165,6 billion rubles.

According to Nail Maganov, in 2017 the company realizes the planned business challenges, paying special attention to drop of operating expenses on all productions, optimization of current assets, increase in efficiency on each site and a workplace, and also to use of the most effective technologies and the equipment.

Defining the further prospects of development of PJSC «Tatneft», Nail Maganov has noted that priority are strategic projects on increase in efficiency of oil production, and also on development of fields of superviscous oil, development of oil processing and petrochemical blocks of the company.

During the meeting the shareholders and invited have heard speeches of specialists of the «Tatneft» company. The First Deputy CEO – the chief engineer Nail Ibragimov has presented results of introduction of innovations and modern domestic technologies to productions of the company.

In a speech of the deputy CEO for development and oil and gas production Rustam Halimov results of work of «Tatneft» in the sphere of development and oil production on fields of Tatneft have been sounded.

The deputy CEO for strategic development Nurislam Syubayev has submitted the report on implementation of the strategy of development for the «Tatneft Group» till 2025.

The CEO of JSC «TANEKO» Leonid Alyokhin has made the report on results of activity and on development of «TANEKO» oil refinery; the head of department of industrial, ecological safety and labor protection - the deputy chief engineer of PJSC «Tatneft» Ravil Gareyev – about activity in the field of industrial, ecological safety and labor protection.

The deputy CEO for personell and social development Rustam Mukhamadeev has provided information about social projects of the company in 2016.

The meeting of shareholders has approved the annual report for 2016, annual accounting reports, distribution have arrived by results of financial year.

Shareholders have also made the decision on payment of dividends. On preference and common stocks of PJSC «Tatneft» dividends will be paid at a rate of 2281 percent to the par value of an action (22 rub 81 kopeks). Date for definition of the persons having the right to dividends it is established on July 7, 2017. The term of payment of dividends is determined according to the current legislation. Following the results of 2016 50 percent from net profit of joint-stock company according to IFRS will be directed to their payment.

A part of the Board of directors of PJSC «Tatneft» were: Maganov Nail Ulfatovich is the CEO of PJSC «Tatneft», Gerech László is the independent director, Levin Yury Lvovich is the managing partner of the «BVM Capital Partners Ltd» company., Steiner Rene is the independent director, Gayzatullin Radik Raufovich is the Minister of Finance of the Republic of Tatarstan, Ibragimov Nail Gabdulbariyevich is the First Deputy CEO on production - the chief engineer of PJSC «Tatneft», Muslimov Renat Haliullovich is a consultant of the President of the Republic of Tatarstan concerning development of oil and oil and gas fields, Nurmukhametov Rafail Saitovich is the chief of NGDU «Leninogorskneft»; Sabirov Rinat Kasimovich is the Assistant of the President of the Republic of Tatarstan, Sorokin Valery Yuryevich is the CEO of PJSC «Svyazyinvestneftekhim», Takhautdinov Shafagat Fakhrazovich is the Assistant of the President of the Republic of Tatarstan concerning oil industry and the adviser of the chairman of the board of directors of PJSC «Tatneft», Halimov Rustam Hamisovich-deputy CEO of PJSC «Tatneft» for exploration and production of oil and gas, Hamayev Azat Kiyamovich is the Minister of Land and Property of the Republic of Tatarstan, Hisamov Rais Salikhovich is the deputy CEO - the chief geologist of PJSC «Tatneft».

Minnikhanov Rustam Nurgaliyevich - the President of the Republic of Tatarstan is appointed the representative of the state in the Board of directors of PJSC «Tatneft».

The audit commission has been created. In audit commission of PJSC «Tatneft» Yusupova Sariya Kashibulkhakovna – the deputy chief of department in the Ministry of Finance of the Republic of Tatarstan is appointed the representative of the state.

For implementation of obligatory audit of the annual financial statements of PJSC «Tatneft» is prepared according to the Russian rules of accounting, the auditor of the company for a period of one year has approved the auditor company CJSC Pricewaterhouse Coopers / Audit.

At the annual meeting of shareholders of PJSC «Tatneft» changes in the Charter of public joint stock company, in the Provision on general shareholder meeting, the Provision on the Board of directors, the Provision on Board, etc. are approved.