Azat Hamayev has taken part at the regular meeting of the Board of directors of PJSC Tatneft

27 October 2017, Friday

Yesterday the regular meeting of the Board of directors of PJSC Tatneft which has taken place under the chairmanship of the President of the Republic of Tatarstan Rustam Minnikhanov has taken place in the Government house of the Republic of Tatarstan.

At the meeting budget implementation results in nine months of 2017, the voted budget for November of the current year, have been considered.

Information on the forecast of financial and economic activity of the Tatneft company for 2018 which is developed taking into account key parameters of the basic forecast of social and economic development of Russia is heard.

The board of directors has discussed information on use of the available internal and external reserves for ensuring effective realization of oil and oil products in the conditions of volatility at the world markets of oil.

The prospects of further development of the "P-D Tatneft — Alabuga Fiber Glass" project are discussed. Now the enterprise is the one of the largest in branch and provides release of 32% of production made in the territory of the Russian Federation and 20% of production - in the CIS countries. Creation of new productions allows society to diversify a product portfolio taking into account change of market condition in favor of the most marginal types of products. In 2018 at capital repairs it is planned to make modernization of the glass making furnace for the purpose of increase in its power to 31,8 thousand tons that will allow to increase the output and realization of highly liquid production. Thereby providing composite branch of the Russian Federation with domestic production will grow what answers the import substitution purpose. Financing of the project is planned with attraction of financial resources of the state support through Fund of development of the industry of the Russian Federation. 

Also on the Board of directors some other questions of activity of the Tatneft company has been considered.

Press service of PJSC Tatneft.

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