18 March 2016

TATNEFT Has Acquired a Blocks of "Nizhnekamskneftekhim" and “Taneco” Shares

PJSC TATNEFT has acquired blocks of the shares of PJSC "Nizhnekamskneftekhim" and JSC “TANECO” in the amount of   24.9 percent and 9% of shares, accordingly.



PJSC TATNEFT has acquired blocks of the shares of PJSC "Nizhnekamskneftekhim" and JSC “TANECO” in the amount of   24.9 percent and 9% of shares, accordingly.

Development of oil refining and petrochemicals production is one of the Company’s strategic development areas.

Acquisition of the shares of PJSC "Nizhnekamskneftekhim" will allow PJSC TATNEFT strengthening its position at the market of petrochemical and petroleum products, increasing the conversion depth of crude oil processing and increasing the added value of products output in the Republic of Tatarstan.

JSC "TANECO" is a leading company of the TATNEFT Group. The first phase of the Oil Refining and Petrochemical Plants Complex was commissioned in December 2011. Full commissioning of all Complex’s facilities will allow increasing the depth of oil conversion at "TANECO" up to 97 percent with the light oil products yield amounting to 90%. Currently, the work is underway at the Complex, which will allow increasing the volume of oil refining at the Complex from 9 to 14 million tonnes per year.

The acquisition of a 9 percent TANECO’s stake will enable the Company to fully cjntrol JSC "TANECO".

Forward Looking Statement

This press-release and the materials it referred to   contain certain statements concerning future events and expectations, which are forecasting by their nature.  Any statement in this press-release or the given materials, which is not a historical fact, is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed by such forward-looking statements. PJSC TATNEFT assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in the assumptions or changes in the factors affecting these statements.

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