A regular meeting of the Board of Directors of OAO TATNEFT chaired by R.N. Minnikhanov, President of the Republic of (Republic of Tatarstan) on July 30, 2012.
The meeting discussed the outcome of the budget execution of OAO TATNEFT for the first half of 2012 and approved the budget for August of this year.
The Board of Directors discussed the information on the introduction of modern technologies of production processes automation in oil production and refinery complexes. It was pointed out that today virtually all the stages of the production at the Company are equipped with effective information systems starting with the automation at the crew level and finishing with corporate systems at the top management level. The mentioned complexes have been integrated within a single information space, which makes the overall management of the Company more structured, transparent and efficient.
A report on the implementation of the Company's environmental program was also presented to the meeting participants.. The work on compliance with the environmental requirements becomes the one of particular importance in a situation of the environmental law enforcement. Currently, there is the third "Environmental Program" being implemented at TATNEFT, which provides for performance of large-scale activities aimed at air and mineral resources protection, as well as rational management of water and land resources. The ecological situation within the Company's activity territory complies with all the regulatory requirements.