A regular meeting of the Board of Directors of JSC TATNEFT chaired by Rustam N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan) on October 1, 2013.
The Board of Directors meeting reviewed the budget performance of TATNEFT for eight months of 2013 and approved the budget for October and the fourth quarter of the current year and also discussed projections of the financial and economic activities of the Company for 2014.
The Board of Directors was informed about application of modern technologies and equipment to improve the efficiency of the wells construction at OOO “Tatburneft" Management Company. There are also new technologies being now introduced at Ashalchinskoye extra-viscous oil field, the construction of new wells is underway followed by a multi-zonal hydraulic fracturing, as well as drilling of multi-lateral and horizontal wells to the Devonian deposits. Simultaneously Tatarstan drillers systematically address the issues of further increasing productivity and reducing the accident rate.
The Board of Directors meeting also discussed the information about the state and development of the corporate media. It was pointed put that the media of TATNEFT are key sources of informing the workers and the public and their materials remain popular and relevant. The corporate media include newspapers "Oil News” and "Khezine", "Oil and Life“magazine, "Time of TATNEFT" TV studio as well as 14 large-circulation newspapers of TATNEFT Group’s enterprises.
A lot of popularity has gained the electronic publication "Oil newspaper", which is a multi-level independent media resource with effective feedback from readers. Well organized and prompt operations of corporate media play an important role in creating a favorable environment in and around the Company maintaining its positive image and reputation and promoting the technologies and products of the TATNEFT Group’s enterprises.
The Board of Directors also considered a number of other issues of JSC TATNEFT’s activities.