Economics

"Tatneft" joint stock company

General information

TATNEFT Amalgamation is one of the leading oil producing enterprises in the CIS. In the Republic of Tatarstan it carries out the whole range of activities related to exploration and development of oil fields, oil production and oil treatment to ensure the export quality. TATNEFT also deals with sale of oil to the customers in Russia as welt as to the other countries of the world.

There are 50 enterprises and organizations incorporated into the Amalgamation including 13 oil producing units, 7 drilling boards, a big Research and Design Institute, an External Economic Company and other units of production and social infrastructure which provide independent solutions of many tasks.

Unlike majority of foreign oil firms and companies, TATNEFT has to deal not only with direct production issues, but to build on its own expense both oil and social objects, such as roads, communication systems, production and maintenance of equipment, production of consumer goods and food stuffs for its 85000 employees.

TATNEFT produced about 25 million tons of oil in 1993. High viscosity oil and bitumen deposits at the depth down to 400 meters are another potential source of hydrocarbons, geological reserves of which are some billions of tons.

Since 1989 TATNEFT has considerably expanded its foreign economic activities. Six Joint Ventures with foreign capital share (including 3 with companies of the USA, Germany and France) have been established. They are involved in oil fields development, oil recovery enhancement, well stimulation, environment protection.

Export potential of TATNEFT, accumulated experience, scientific and technical methods and approaches employed in oil field developments and highly trained personnel open still new broader opportunities for mutually beneficial cooperation with firms and banking institutions of the other countries worldwide in the areas of oil production and associated infrastructure development in the Republic of Tatarstan.

Associated companies

Financial information

E-mail: tnr@tatneft.ru
Internet: http://www.tatneft.ru/

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