Rustam Minnikhanov holds regular board meeting of Tatneft oil company

The meeting summed up results of budget execution of Tatneft oil company for 2016 and approved the budget for February of the current year. The Board discussed key areas of improving the efficiency of geological exploration operations.

The information about results of work of the Internal Audit Department was presented to the Board. The audit revealed the need to improve the quality of competitive procurement of works and services, as well as procurement options of raw materials for tire complex enterprises.The Department also coordinates the work of the "Hot Line". As many as 790 messages were received during the reporting period with 28 per cent of them related to the shortcomings and violations, which were properly investigated with appropriate measures taken.

The meeting also discussed a number of other issues of the company’s activities.