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Kazan hosted a meeting of the Board of Directors of TATNEFT chaired by President of Tatarstan

Kazan hosted a meeting of the Board of Directors of TATNEFT chaired by President of Tatarstan

Kazan, October 29 - Neftegaz.RU. The results of the of TATNEFT’s budget execution for 9 months of the current year were considered at the meeting, chaired by Rustam Minnikhanov, President of Tatarstan, and the budget for November 2020 was approved.

The information on the demand behavior and economic recovery measures to restore the wholesale and retail sales of crude oil and petroleum products income was presented to the Board of Directors. The launch of ELOU-AVT-6 at TANECO in 2019 allowed increasing the volume of oil refining to 11.5 million tonnes without fuel oil production.

At present, the oil conversion ratio is 95.6% with the yield of light products amounting to 83.2%. Refining of crude oil, gas and NGL is also carried out at the facilities of Tatneftegazpererabotka company.

Installations that increase the added value of the petroleum products basket are put into operation on a systematical basis and the range of refined products is expanding and improving.

TATNEFT is promoting electronic trading of crude oil and petroleum products. The company launched the TATNEFT fuel portal as a tool of increasing sales in 2019, which made it possible to remotely manage sales and shipments during the pandemic. The company is widely using the sites of the SPIMEX in the domestic market, Torg-i for export supplies and the TATNEFT trading and purchasing platform to ensure the availability of products.

TATNEFT filling station network remains the most efficient sales channel for the TANECO’s Euro-6 fuel. High-quality fuel, service and customer loyalty allow suggesting that the company will meet the pre-crisis planned network operation targets.

The Board of Directors discussed and approved at the meeting the implementation by the company of Goal 3 “Good health and well-being” within the framework of the UN Global Compact of Sustainable Development.

The priority work aspects in this area are the development of high-tech medical care for the company's employees and residents of the south-eastern part of Tatarstan, the efficient functioning of the system for the prevention, treatment and rehabilitation of infectious and non-infectious diseases.