Rustam Minnikhanov chairs board session of Tatneft Oil Company

On November 24, at Tatarstan Government House, Tatarstan President Rustam Minnikhanov chaired a regular board session of Tatneft Oil Company.

The meeting reviewed results of the company's financial and operational activities for nine months of 2016.

The company (excluding its subsidiaries) has produced 20 million 851 thousand tonnes of crude oil, which is 4.9 per cent more than in the same period last year. As many as 328 production and 422 injection wells have been put into operation. The volume of collected associated petroleum gas has made 700 million cubic meters, which is 4.8 per cent more than during the same period of 2015.

The Board approved the company's cash flow budget (on non-consolidated basis) and reviewed plans for production and exploration and development activities for 2017.