NEWS

Employees of the Ministry of Finance of the Republic of Tatarstan visited the island of Svijazhsk on July 27

The Ministry of Finance has prepared for the second reading of a long-awaited law on market - securitization, which will allow banks to issue bonds backed by any homogenous assets. Now lenders can produce paper only under pools of mortgage loans, do HMLA agents and mortgage banks. The amendments also, if adopted, will enable banks to attract funding for pools of consumer and auto loans, credit card portfolios, etc.

At a field session of OAO “Tatneftekhiminvest-holding” on results of work of Tatarstan oil-gas and chemical industry in the first half of 2013 and activity of Nefis group Tatarstan President Rustam Minnikhanov noted considerable results achieved by Nefis group.

Rustam Minnikhanov introduced new Director General of OAO “Nizhnekamskneftekhim” Oleg Nesterov and presented several awards.

Director General of OAO “Tatneftekhiminvest-holding” Rafinat Yarullin made report on work of oil-gas and chemical enterprises in the first half of 2013. He noted the slowdown in the rate of industrial production growth in global economy that causes decrease in demand for Tatarstan products as well. According to results of the first half of 2013, high growth rates were observed only chemical industry and production of plastic items.

On July 23 a regular session of OAO Tataneft Board chaired by Tatarstan President Rustam Minnikhanov was held at Tatarstan Government House. 

The Board of Directors reviewed results of OAO Tatneft budget performance for the first half of 2013 and approved the budget for October 2013. 

The company’s environmental control system was discussed at the session. Restoration and rational use of national resources and prevention of Environmental law violations are among regular activities of Tatneft departments. 

On July 22 Tatarstan President Rustam Minnikhanov, Chairman of State Council Farid Mukhametshin, heads of regional ministries and agencies, municipalities, specialists working in oil industry are taking part in oil summit in Bugulma region.

Before the main session guests went to see the exhibition of state-of-the-art technologies in the industry. In particular, Rustam Minnikhanov was told about advanced oil production technologies while looking around OAO Tatneft exposition. Thus, the company has produced 246 thousand tonnes of superviscous and bituminous oil, daily well flow rate has reached 420 tonnes.

According to Tatneft Chief Engineer Nail Ibragimov, oil producers have gained wide experience in well drilling.

The Ministry of Finance of the Republic of Tatarstan held a meeting on July 20, 2013. Investors of national importance were invited.The issue was the tax on personal income and land payments. The meeting was also attended by representatives of the Ministry of Agriculture and Food of the Republic of Tatarstan.