Today, Kazan hosted a regular meeting of the Tatneft Board of Directors chaired by Tatarstan President Rustam Minnikhanov. The agenda included reporting the budget performance in 1Q 2019 and approving the budget for May of this year.
The meeting participants heard information on the results of the Company’s financial and economic activities in 2018. Over the past year, a total of 29,192,000 tonnes of crude oil were produced at its fields, including 1,949,000 tonnes of highly viscous oil. Some 445 new production and 296 injection wells were put into operation. The 2018 volume of collected associated petroleum gas was 923 million cubic metres.
Net revenues (excluding VAT, export duties and excise tax) from product sales were RUB 793.2 billion and net income, RUB 197.5 billion. The sum of accruals for payments to the budgets of all levels, including taxes and other payments, amounted to RUB 486 billion in 2018, which is RUB 166.1 billion higher than in the same period last year due to increased mineral extraction tax and income tax payments.
The Board of Directors considered the issue of a representative office of Tatneft in the Republic of Uzbekistan, which is expected to be opened in the city of Nurafshon (the administrative centre of the Tashkent region).
Based on information by Tatneft press service