http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/TATNEFT group - Press Releaseshttp://www.tatneft.ru/wps/tatneft_new/design/images/rss2.gifhttp://www.tatneft.ru/wps/wcm/connect/tatneft portal rus/portal_eng/http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.03.06_11.46.07.057Sat, 06 Mar 2010 11:44:00 +0300OOO Nizhnekamsk SSC Tire Factory, which is part of TATNEFT’s in petrochemical branch, will be running at full design capacity of 1.2 million pieces of solid steel cord tires per year by 2011. Thus, 70% of SSC-tires consumed DNC in Russia will be manufactured by the companies of TATNEFT’s tire producing complex.OOO Nizhnekamsk SSC Tire Factory, which is part of TATNEFT’s in petrochemical branch, will be running at full design capacity of 1.2 million pieces of solid steel cord tires per year by 2011. Thus, 70% of SSC-tires consumed DNC in Russia will be manufactured by the companies of TATNEFT’s tire producing complex. TATNEFT put this factory into operation in December 2009 with investments in this project amounting to $ 500 million. The products of this new factory are truck and bus tires. The rubber compounding technology provides for usage of a large proportion of natural rubber and silica ensuring high quality of the products. Production of this kind in full extent has never been implemented by any of the domestic tire producers in Russia. As of today, this project is by far the most promising avenue in the tire manufacturing business. Practice shows that consumption of SSC-tires in the European countries accounts for up to 90% of the total consumption of truck and bus tires. SSC tires are characterized by high durability and reliability, allowing to increase the loading capacity by 8%. Possibility of threefold retreading increases the running capacity of tires up to 500 thousand kilometers. The average vehicle fuel economy goes as high as up to 15%. The tires fully comply with European environmental standards. Meanwhile, the Russia's tire manufactures experience ever-increasing pressure from foreign competitors, supplying low quality and second hand products at dumping prices. This problem is discussed today at the highest level and OAO TATNEFT actively promotes its solution.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.03.05_17.14.03.783Fri, 05 Mar 2010 17:12:00 +0300A conference dedicated to "Status, problems and prospects of development of the international road transport in the Volga Federal District" was held in February in the Chamber of Commerce of the Nizhny Novgorod Region. This event was organized by the Committee on Transport and Forwarding of the Chamber of Commerce and Industry of the Nizhny Novgorod Region and a branch of the Association of International Auto Carriers of the Volga Federal District Organizers.A conference dedicated to "Status, problems and prospects of development of the international road transport in the Volga Federal District" was held in February in the Chamber of Commerce of the Nizhny Novgorod Region. This event was organized by the Committee on Transport and Forwarding of the Chamber of Commerce and Industry of the Nizhny Novgorod Region and a branch of the Association of International Auto Carriers of the Volga Federal District Organizers. The Kama Trade House and the Nizhnekamsk Solid Steal Cord (SSC) Tire Factory, which are part of the Tatneft-Neftekhim Management Company Ltd., made a presentation of the solid steel cord (SSC) KAMA tires for trucks and buses at the conference The following tire models were presented: KAMA NF 201 and KAMA NF 701. The main difference between SSC tires and the now produced combined ones is that SSC tires are environmentally irreproachable and economically profitable for the consumers. These tires ensure up to 15% lower fuel consumption, and they have a greater margin of safety and security allowing up to three times restoration of the worn tread, which increases the tires run up to 500 thousand kilometers. The new tires of Tatneft tire manufacture are in line with a new economic situation: the running performance of the tires corresponds with the best foreign models, while their price is slightly lower. The Kama Trade House has a well developed dealer network, and in the near future it plans to open several centers for servicing SSC tires, which should attract a wide range of consumers to the up-to-date products.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.03.04_10.52.59.223Wed, 03 Mar 2010 10:51:00 +0300The volume of crude oil produced in the Republic of Tatarstan in February amounted to 2,487.7 thousand tons accounting for 100.4% versus February 2009. The crude oil production amounted to 5,246.3 thousand tons during the two months period or 100.6% to the level of 2009. Independent oil companies produced 1,063.9 thousand tons of crude oil, which is 4.5 thousand tons more than the amount produced in 2009 (100.4%).<b>Oil production </b> The volume of crude oil produced in the Republic of Tatarstan in February amounted to 2,487.7 thousand tons accounting for 100.4% versus February 2009. The crude oil production amounted to 5,246.3 thousand tons during the two months period or 100.6% to the level of 2009. Independent oil companies produced 1,063.9 thousand tons of crude oil, which is 4.5 thousand tons more than the amount produced in 2009 (100.4%). OAO TATNEFT produced 1,984.5 thousand tons of crude oil in February, which made 100.5% versus February 2009. The above-the-plan production amounted to 36.1 thousand tons (101.9%). The production of two months amounted to 4,182.4 thousand tons (+27.5 thousand tons or 100.7% versus 2009). The above-the-plan production amounted to 76.8 thousand tons. The amount of 4,066.5 thousand tons was delivered with the above-the-plan delivery amounting to 63.4 thousand tons. <b>Drilling</b> Conventional Drilling The total penetration during a two months period of 2010 amounted to 114.2 thousand meters (109.2 thousand meters in 2009): 97.4 thousand meters (99.1 thousand meters in 2009) were penetrated for OAO TATNEFT, including 93.2 thousand meters of production drilling and 4.2 thousand meters of exploratory drilling; 4.8 thousand meters (5.4 thousand meters in 2009) were drilled for the OAO TATNEFT subsidiary companies, including 3.6 thousand meters of production drilling and 1.2 thousand meters of exploratory of drilling; 12.0 thousand meters (4.7 thousand meters in 2009) were drilled for the joint ventures and independent oil companies, including в 10.8 thousand meters of production drilling and 1.2 thousand meters of exploratory drilling.. 71 wells (45 wells in 2009) were constructed and handed over to customers and out of this amount 37 wells (32 wells in 2009) were constructed for OAO TATNEFT, including 36 production wells and 1 exploration well; 3 wells (2 wells in 2009) were drilled for the OAO TATNEFT subsidiary companies, including 3 exploration wells; 31 wells (11 wells in 2009) were penetrated for the joint ventures and independent oil companies, including 29 production wells and 2 exploration wells. Drilling in the Old Well Stock Total penetration of laterals and horizontal wellbores for two months of 2010 amounted to 4.1 thousand meters (4.8 thousand meters in 2009): 2.7 thousand meters (3.0 thousand meters in 2009) were penetrated for OAO TATNEFT, 1.4 thousand meters (1.8 thousand meters in 2009) for the joint ventures and independent oil companies. 9 wells (14 wells in 2009) were handed over to customers, including 6 wells delivered for OAO TATNEFT and 3 wells (3 wells in 2009) for the joint ventures and independent oil companies. In 2010, 44 drilling crews performed drilling operations with application of traditional drilling techniques. 8 drilling crews were engaged in drilling laterals and horizontal wellbores with 5 of them drilling for NGDUs (Oil and Gas Production Boards) OAO TATNEFT and 3 crews performed drilling for outside companies. Penetration per drilling crew for 2010 amounted to 2,577 meters, while in 2009 the penetration per crew amounted to 2,182 meters. 4.8 thousand meters were penetrated out of the Republic of Tatarstan. 9.5 thousand meters were penetrated in horizontal wells and multi-branched downhole splitters. <b>Well Workover</b> 807 well remedial operations were performed in February 2010 and 1,426 well remedial operations were performed during the period of two months. (1,599 wells during 2 months of 2009). 12 well repair operations were performed in OOO Tatneft-Samara, including 8 well remedial operations and 4 well workover operations. The workover operations were performed at 393 wells during 2 months of 2010 (211 wells in February), including production string sealing in 68 wells; shutting-off individual layers and recompletion in other intervals in 50 wells; transfer of the wells into different categories and wells completion for injection in 18 wells; failure liquidation and cleaning of the electrical cable and bottom hole areas in 50 wells. 121 wells were worked over with application of coil tubing (72 wells in February), including 24 wells worked over through the annulus.. Formation hydrofracking operations were performed at 33 wells (23 wells in February). The cumulative incremental recovery amounted to 3,140 thousand tons. 3 slim holes were drilled and completed for OAO TATNEFT during 2 months of 2010. Two crews are now engaged in construction of the wells: one well in NGDU Aznakaevskneft and another one in NGDU Prikamneft. Works on oil recovery enhancement were performed at 360 wells (220 wells in February), including chemical treatment methods applied at 212 wells. The incremental oil production resulting from application of the enhanced oil recovery methods amounted to 847 thousand tons with the chemical methods accounting for the production of 407 thousand tons. Operations for preparation and delivery of acid compositions were carried out at 366 wells during two months of 2010 and the production of chemical products amounted to 6,314 tons for the amount of 135 million rubles.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.03.04_08.18.34.834Thu, 04 Mar 2010 08:17:00 +0300OAO TATNEFT continues to develop the technology of dual completion and production (DCP) of two or more layers through one borehole. By the beginning of this year appropriate equipment was installed in 564 wells.OAO TATNEFT continues to develop the technology of dual completion and production (DCP) of two or more layers through one borehole. By the beginning of this year appropriate equipment was installed in 564 wells. Incremental oil production from the beginning of the systems operation exceeded 1.1 million tons with the average increase in production rate per well amounting to 3.7 tons per day. In addition, the technology of dual completion and injection (DCI) was implemented at 135 injection wells. In the process of implementation and operation of wells with DCP is continuously being improved in view of the equipment, as well as the technologies applied. Additional 170 DCP systems have been scheduled for installation in 2010 with introduction of DCI technology at 93 injection wells. The strategic goal is to reach the amount of 1 million tons of oil annual production through application of these technologies. Application of DCP and DCI technologies allows to: - produce concurrently from a number of targets with different reservoir parameters and reservoir fluid properties; - improve profitability of individual wells through the involvement of other development targets or different layers of the same target with varying productivity; - reduce the amount of drilling through the use of one wellbore and the arrangement of simultaneous (concurrent) production of crude oil from different layers with application of one well spacing pattern; Manufacturing of the equipment has been arranged at the sites of the service companies OOO TMS-group Management Company and OOO Systema-Service Management Company * The Company produced 25.85 million tons of crude oil from its fields in 2009. About 45% of the volume produced is accounted for application of various methods oil recovery enhancement. The crude oil production consolidated index of TATNEFT Group for 2009 (including crude oil production by the companies with the participation of OAO TATNEFT) amounted to more than 26.1 million tons.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.03.03_14.06.41.066Wed, 03 Mar 2010 14:05:00 +0300At the base of NGDU (Oil & Gas Production Board) Yamashneft OAO TATNEFT completed experimental works to improve schemes and technologies generally accepted in the oil industry. The essence of these works implies an integrated approach to formation and improvement of the oil collection, transportation and treatment system at the Arkhangelskoye field, where a quarter of the NGDU's production comes from more than 400 wells.At the base of NGDU (Oil & Gas Production Board) Yamashneft OAO TATNEFT completed experimental works to improve schemes and technologies generally accepted in the oil industry. The essence of these works implies an integrated approach to formation and improvement of the oil collection, transportation and treatment system at the Arkhangelskoye field, where a quarter of the NGDU's production comes from more than 400 wells. Introduction of multiphase pumps allowed to abandon application of bulky and metal intensive facilities to collect and transport crude oil and perform combined collection and transportation of crude oil and associated petroleum gas (APG) through the existing pipeline system without construction of additional pipelines for gas gathering. In addition the NGDU started to use the APG for crude oil treatment and electricity generation. According to the calculations made by TatNIPIneft R&D Institute (a structural division of OAO TATNEFT) the construction cost of gas gathering networks for the fields of Yamashneft would have exceeded 1 billion rubles with a payback period of 20 years. Accordingly, the production facilities operate under a new scheme which provided for extinguishing 4 out of 5 flares (the remaining one acts as an emergency flare pilot). Utilization of the associated gas in the NGDU is twofold: improvement of the crude oil preliminary treatment quality and generation of electric power with application of gas engine generation plants. There are 5 gas electric power generation plants with total capacity over 1 MWt operating in the fields of Yamashneft at present. 130 wells with annual production volume in the amount of 135 thousand tons are connected to the plants. The volume of gas utilized here will amount to 3.2 million cubic meters per year with electricity generation in the amount of more than 6 million kilowatt-hours. The electrical power production cost is 2 times cheaper versus the one purchase from the market. The payback period is 4 years. A similar system is in operation already now at the Alexandrovskoye field in OOO Tatneft-Samara Company. Lighting of the central street in Ersubaykino village of the Almetevsk Region is also powered from such a facility. As a result of this work more than one third of the produced gas volume is used for the needs of Yamashneft against 4.5% in 2000. Yamashneft Oil & Gas Production Board future plans provide for reconstruction work of the sludge treatment installation with application of APG in technological processes. Today, the total gas utilization in TATNEFT is about 95%. In 2009, the Company developed and launched a comprehensive program to further improve the utilization of associated gas. Only the priority activities of this program will enhance the usage of associated gas to the target level of 95% set by the Government of Russia.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.03.03_08.00.35.364Tue, 02 Mar 2010 17:58:00 +0300OAO TATNEFT presented a report on its activities in the field of industrial and environmental safety at the extended session of the Volga Federal Service Administration for Ecological, Technological and Nuclear Supervision (Rostekhnadzor) held in Kazan on Friday, February 26, 2010.OAO TATNEFT presented a report on its activities in the field of industrial and environmental safety at the extended session of the Volga Federal Service Administration for Ecological, Technological and Nuclear Supervision (Rostekhnadzor) held in Kazan on Friday, February 26, 2010. The meeting was attended by Rustam Minnikhanov, Prime Minister of Tatarstan, Nikolay Kut'in, Head of the Rostekhnadzor Federal Service and Managers of large enterprises of Tatarstan, Mari El and Chuvashiya. Before the meeting the participants had familiarized with the exposition of relevant topics. At the display stands of TATNEFT Nikolay Kut'in was particularly interested in samples of the Company's corrosion-resisting tubular products, as well as in the other developments in the field of environmental and industrial safety. The main speaker at the meeting was Boris Petrov, Head of the Volga Rostekhnadzor Administration. According to his information the accident rate at the power engineering facilities reduced 10-fold in 2009 versus the year 2005, and the accident rate at the industrial enterprises reduced 2-fold. Rustam Minnikhanov noted that Tatarstan is a Republic with intensive technogenic load due to the presence of many large enterprises in oil production, refining, pipelines, and it is impossible to provide for the issues of technological security, reduction of technogenic impact on the environment without systematic work. According to the head of the Government of the Republic of Tatarstan today large industrial companies do a lot in their power to reduce human impacts on the environment. Rustam Minnikhanov identified reduction of flaring the associated gas as a separate subject, which the Republic has to work on. He noted that TATNEFT now recycles 95% of associated gas, while the small oil companies still face serious work in this direction. Vladimir Fadeev, Head of Production Department - Deputy Chief Engineer of the Company, presented more detailed information about the activities of TATNEFT in the course of the meeting. He said that the Company had developed and implemented the "Policy of TATNEFT in the area of industrial, occupational and environmental safety". The priorities are: to ensure safe working conditions, health protection of the personnel and the public, reduction of man-induced impacts on the environment, rational use of natural resources. The company has developed and effectively operates now the Integrated Management System (IMS) for industrial, occupational and environmental safety. This system has been certified for compliance with international standards ISO 14001:2004 (environmental management system) and ONSAS 18001:2007 (occupational health and safety). The Company spends significant funds (about 4 billion rubles in 2009) for implementation of programs of environmental safety and rational use of natural resources. The Company has implemented the "Program of OAO TATNEFT in industrial and occupational safety to prevent injuries, reduce the risk of accidents and unplanned losses for 2007-2009" for the purpose of meeting the requirements of international standard ON8A8 18001. The purposeful work of oilmen aimed at reducing emissions in the atmosphere since 2006 has resulted in "zero" percentage of excessive hydrogen sulfide content in the air in the populated localities of the south-eastern part of Tatarstan. TATNEFT planted more than 395 thousand plants, including more than 43 thousand in 2009, under the program of landscaping strips along highways. A monitoring system has been developed and implemented for operational control over the quality of surface and groundwater in the region of the Company's activities. As a result of accomplishing activities to protect water bodies the content of chlorides, oil and petroleum products in the dissolved and emulsified state in the major rivers complies with the standard values. The meeting was concluded with signing of the Agreement on cooperation between Rostekhnadzor and the Cabinet of Ministers of the Republic of Tatarstan in the field of oil production, petrochemical and oil refining complex in Tatarstan.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.03.02_15.55.43.710Tue, 02 Mar 2010 15:53:00 +0300OAO Nizhnekamskshina, a mass tire production factory, is at the stage of completing reconstruction of the mass tire assembly plant. The project is implemented within the framework of developing tire production works for 2008-2010 financed by OAO TATNEFT. It aims at improving the quality and performance characteristics of radial passenger car tires.OAO Nizhnekamskshina, a mass tire production factory, is at the stage of completing reconstruction of the mass tire assembly plant. The project is implemented within the framework of developing tire production works for 2008-2010 financed by OAO TATNEFT. It aims at improving the quality and performance characteristics of radial passenger car tires. As a result, the volume of new products will increase by 960 thousand pieces and will amount to 2.86 million car and light truck tires, which will replace the outdated cross-ply tires. TATNEFT entered the tire manufacturing business 10 years ago in 2000, when the Company acquired shares of the tire company from the Government of Tatarstan. The total investment of TATNEFT in the development of OAO Nizhnekamskshina amounted to about 30 billion rubles. The first significant project in this program was the production of high-performance radial passenger car tires under the new KAMA-EURO brand. By the beginning of 2008 the volume of production at OAO Nizhnekamskshina increased by 50% compared to the level of 1999 and reached 12.5 million tires per year. Despite the global crisis the share of the Kama plant production in the total output of domestic tire manufacturers rose to 41%. This happened due to increase in the share of innovative products at OAO Nizhnekamskshina in 2009 by 36% of the total production volume. A new phase of investing was putting into operation a factory of solid steel cord tires in December 2009. This project could be called an innovative breakthrough at the entire country scale, since such production in the territory of Russia had not been implemented in full volume ever before by any of the domestic tire manufacturers. The issue of state support becomes increasingly urgent at the present stage of development of the tire industry in Russia for domestic producers of high quality import substituting products with protection of Russia's market from importing tires of poor quality often sold at dumping prices. This problem is discussed today at the highest level, and OAO TATNEFT has been actively participating in solving this problem. One of the Company's priorities in the tire business is environmental responsibility. The Company has implemented a large range of measures in the field of industrial safety and environmental protection over the past decade. Environmental programs of OAO Nizhnekamskshina in recent years have been recognized to be among the best in Russia. The full scale implementation of the environmental management system complies with the international ISO 14001 standards, and victories in the Republican contest "Ecoleader "and in the all-Russia contest "The leader of the environmental activities of Russia" confirm high effectiveness of this work.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.03.01_16.24.36.104Mon, 01 Mar 2010 16:23:00 +0300A regular meeting of the OAO TATNEFT's Board of Directors chaired by R.N. Minnikhanov, Prime Minister of the Republic of Tatarstan, was held on March 1. The Board of Directors summed up the budget of OAO TATNEFT execution in January and approved the budget for March 2010.A regular meeting of the OAO TATNEFT's Board of Directors chaired by R.N. Minnikhanov, Prime Minister of the Republic of Tatarstan, was held on March 1. The Board of Directors summed up the budget of OAO TATNEFT execution in January and approved the budget for March 2010. The Board of Directors listened to the information about the progress in implementation of the industrial and environmental safety programs. Along with production efficiency, the priorities of Tatneft are as follows: providing for safe working conditions, health protection of the personnel and the population living in the areas of the Company's operation; reducing technological environmental impact and rational use of natural resources. The Integrated Management System (IMS) of industrial safety, occupational health and environment protection certified for compliance with the international standards ISO 14001:2004 and OHSAS 18001:2007 has been developed and is effectively working in TATNEFT. The Company continually carries out the work on technical upgrading of production, acquires modern equipment, introduces more reliable methods of anticorrosion protection of the oilfield equipment, and improves the system of control over the occupational safety and the state of the environment. The Board of Directors approved the progress of these programs implementation and assigned the Executive Directorate to continue the work on improving and supporting the existing Integrated Management System of industrial safety, occupational health and environment protection of OAO TATNEFT, to ensure implementation of the "Environmental Program of OAO TATNEFT for the period of 2000-2015 and the "Program of OAO TATNEFT in industrial and occupational safety to prevent injuries, reduce the risk of accidents and unplanned losses for 2010-2012". The Board of Directors considered the results of implementing the investment program for 2009 to ensure fulfillment of the core activities, as well as development of the petrochemical branch and the network of filling stations. These investments accounted for additional production of 1.7 million tons of crude oil. OAO TATNEFT invested 7.2 billion rubles into the development of the petrochemical complex in 2009 exceeding the level of 2008 by 1.3 billion rubles. The Company has commissioned the factory manufacturing solid steal cord tires and continues modernization of the Nizhnekamskshina factory facilities, as well as the one of the carbon black production works. A number of filling stations run and controlled by OAO TATNEFT has increased to 620 units. The Board of Directors meeting also reviewed a number of other issues of OAO TATNEFT activity.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.02.17_17.46.14.146Wed, 17 Feb 2010 17:38:00 +0300A meeting of the Permanent Commission for occupational safety was held at OAO TATNEFT on February 16. The meeting discussed the results of operation for 2009 and key activities for the protection of labor, industrial and fire safety, as well as prevention of occupational injuries and accidents in 2010.A meeting of the Permanent Commission for occupational safety was held at OAO TATNEFT on February 16. The meeting discussed the results of operation for 2009 and key activities for the protection of labor, industrial and fire safety, as well as prevention of occupational injuries and accidents in 2010. The keynote report was presented by N. G. Ibragimov, Deputy General Director for Production - Chief Engineer of OAO TATNEFT. In 2009, restructuring of the Company and the oil service entities continued. A new scheme of relations between the structural subdivisions of OAO TATNEFT and service businesses was establishing and improving. In these conditions the management system of industrial and occupational safety should become a part of the unified well functioning production safety system of OAO TATNEFT. The targeted and efficient operation of production control services in recent years resulted in reducing violations of the industrial safety requirements in hazardous occupations. A range of activities was implemented to improve conditions and labor safety at the facilities and workplaces in the structural subdivisions and service enterprises. The Company continued renewal of the drilling rigs and the well workover units stock. The workover and drilling crews were equipped with video surveillance systems. About 6 thousand line vehicles were equipped with systems of satellite transportation monitoring and about 500 workstations for professionals of the motor transport companies were established. It makes possible to effectively monitor the work of transport and qualitatively perform analysis of the road safety. Application of metal/plastic pipes and pipes with polymer coating, as well as application of the inhibitor and galvanic protection allowed a 16% reduction in the oil gathering system failure rate. Implementation of an extensive environmental safety program continued. Cathodic protection was arranged at almost 1.2 thousand wells; more than 520 km of anticorrosive performance pipes as well as more than 5.8 thousand tons of corrosion inhibitors were produced. The work on removal of corrosive liquid and release of more than 300 km of inactive pipelines was performed. Methods of nondestructive testing were applied to verify the state of 2.2 thousand km of pipelines. Detailed expertise of industrial safety and technical diagnosis of about 4 thousand sucker rod pumping units, almost 10 thousand wellhead equipment sets, more than 950 vessels operating under pressure, about 400 lifting mechanisms, 120 well workover units and 40 drilling rigs were performed. To ensure healthy working conditions the Industrial and Sanitary Laboratory performed about 19 thousand studies of chemical and physical hazards in the work sites at the facilities of TATNEFT. The persistent work in this area resulted in reducing the levels of noise and dust. The integrated industrial, occupational and environmental safety management system of OAO Tatneft successfully passed recertification audit in September 2009 and the Company obtained new certificates of conformity to international standards. For the purpose of meeting the requirements of the ONSAS 18001 international standard the Company successfully implemented the “Program of OAO TATNEFT for industrial safety and labor protection to prevent injuries, reduce the risk of accidents and extraordinary losses for 2007-2009”. The Company also developed and approved another program for the period 2010-2012.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.02.16_16.26.15.924Tue, 16 Feb 2010 16:25:00 +0300In the framework of the large-scale effort to ensure environmental safety during crude oil production OAO TATNEFT is implementing a number of promising projects, including the one for corrosion protection of pressure maintenance oilfield equipment for the purpose of minimizing the rate of is failures.In the framework of the large-scale effort to ensure environmental safety during crude oil production OAO TATNEFT is implementing a number of promising projects, including the one for corrosion protection of pressure maintenance oilfield equipment for the purpose of minimizing the rate of is failures. To this effect a program of running the anticorrosive performance tubing into of injection wells is implemented in the Company, which allows increasing the tubing service life in the wells by 2-2.5 times. As a result of the work during the period of 2004-2009 protection of existing active injection well stock through application of anticorrosive performance tubing used for injection of effluent water exceeded 77%. At the same time the program provides for introduction of highly reliable M1-X packers into the injection wells, which taken together with application of the anticorrosive performance tubing ensures reliable protection of the well production casing the from high pressure and corrosion. Described packers were installed in more than 2 thousand injection wells. Implementation of these programs will reduce the cost of wells repair with concurrent reduction of polluting the bottomhole zone with corrosion products, as well as reduce the costs of the well survey. The total cumulative estimated economic effect of implementing these programs will exceed 900 million rubles for the period of 2004-2009.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.02.16_10.53.30.135Mon, 15 Feb 2010 10:51:00 +0300TATNEFT continues to successfully implement a corporate program of activities for utilization of associated petroleum gas (APG) intended for the period of 2009-2013. The program provides for increasing the ratio of associated gas utilization up to 98 percent, which would substantially reduce gas flaring emissions into the atmosphere.TATNEFT continues to successfully implement a corporate program of activities for utilization of associated petroleum gas (APG) intended for the period of 2009-2013. The program provides for increasing the ratio of associated gas utilization up to 98 percent, which would substantially reduce gas flaring emissions into the atmosphere. The amount of more than 380 million rubles was spent at the initial stages of the program during 2008-2009. The planned investment volume totals over 800 million rubles for 2010. This amount will be used for reconstruction and expansion of existing facilities for cleaning APG, replacement and construction of a new APG collection line system, as well as introduction of furnaces for heating oil. Currently, TATNEFT effectively utilizes 738.4 million cubic meters of associated gas per year representing about 94% of the total gas volume produced by the Company. For several years the Company has been actively working to reduce the volume of the flared associated gas with application of economically viable ways to utilize it. There are three well grounded approaches: development of the gas gathering system and delivery of gas for processing to Minnibayevo gas processing plant (part of the "Tatneftegazpererabotka" Administration of OAO TATNEFT); application of furnaces for heating oil during its treatment to bring it to the commercial conditions; electricity and heat generation with application of gas engine plants. These activities are implemented in line with the Russian Federation Government Decree of January 8, 2009 "On measures to stimulate the reduction of air pollution by products of associated gas flaring”, which assigned to bring the associated gas utilization in the petroleum industry of the country to 95% by January 1, 2012.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.02.16_10.48.41.078Thu, 11 Feb 2010 10:46:00 +0300OAO TATNEFT plans to complete reconstruction of the Minnibayevo gas processing plant (Almetyevsk region of Tatarstan) by the end of 2010. This is done for the purpose of increasing the production of ethane from 85 to 140 thousand tons per year.OAO TATNEFT plans to complete reconstruction of the Minnibayevo gas processing plant (Almetyevsk region of Tatarstan) by the end of 2010. This is done for the purpose of increasing the production of ethane from 85 to 140 thousand tons per year. Due to the high content of nitrogen in the associated petroleum gas the increase in recovering target components, including ethane, will lead to formation of large amount of low-calorie dry stripped gas for combustion purposes. This has been a reason for selecting cryogenic technology with an internal refrigeration cycle. This technology involves separation of gaseous nitrogen from the hydrocarbon liquid at temperatures below minus 180°C followed by separation of the hydrocarbon mixture into methane and ethane fractions. It has been decided to implement a project of intensifying the recovery of ethane in 2 aspects: increasing the reliability of existing process units, construction of a new cryogenic plant, which allows to increase the recovery of ethane up to 91% of its potential content in raw materials and bring the calorific efficiency of the dry stripped gas in compliance with the requirements of OST 5140. The Minnibayevo gas refinery desulfurization unit process flow diagram was improved earlier. This enabled to improve the quality of cleaning and drying the gas, increase the life of the pipeline and significantly reduce emissions of sulfur dioxide to the atmosphere. Upgrading of Gas Fractionation Unit GFU-300 was implemented with replacement of the ASU TP (automated process control system) and the PAZ (emergency shutdown system) with application of modern microprocessor based technology, improving of the unit’s contact devices was also performed allowing to increase its raw materials loading capacity and to improve the production efficiency. The Minnibayevo gas refinery, which is a part of the "Tatneftegazpererabotka" Administration of OAO TATNEFT annually processes about 680 million cubic meters of the associated gas and 285 thousand tons of natural gas liquids. This amount represents raw materials to produce liquefied gases (fractions of propane, iso-butane, normal butane, iso-pentane), ethane fraction, dry stripped gas, stable natural gasoline, hexane fraction and technical grade sulfur. Gaseous oxygen and nitrogen are also produced in addition to the main range of products.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.02.01_15.59.21.287Mon, 01 Feb 2010 15:53:00 +0300A regular meeting of the Board of Directors of OAO TATNEFT chaired by R.N. Minnikhanov, Prime Minister of the Republic of Tatarstan, was held in Kazan on February 1.A regular meeting of the Board of Directors of OAO TATNEFT chaired by R.N. Minnikhanov, Prime Minister of the Republic of Tatarstan, was held in Kazan on February 1. The Board of Directors summed up the budget execution of OAO TATNEFT for 2009 and approved the budget for February 2010. The Board of Directors was informed about comliance with the norms of crue oil production and reserves growth for 2009. During the reporting period the amount of 25.85 million tons of crude oil (100.33% versus 2008) was produced from the fields of the Company. 280 new production wells were commissioned, 38 horizontal wellbores and 9 bottomhole splitters were drilled. The average production rate of the new wells put into operation after drilling amounted to 9.5 tons per day. Application of the enhanced oil recovery methods accounted for the production of about 45% of the total volume of crude oil produced. The pilot operation projects of extra-viscous oil production were continued quite successfully. In 2009, more than 18.4 thousand tons (over 38.1 thousand tons of oil from the beginning of pilot operations) were produced at Ashalchinskoye field and 5 thousand tons of extra-viscous oil were produced at Mordovo-Karmalskoye field. TATNEFT is developing 82 crude oil fields within its licensed territories. In 2009 the Company achieved growth of crude oil reserves in the amount of 44.5 million tons in the Republic of Tatarstan, including 40.9 million tons of categiry C1+C2 reserve throgh geological exploration activities, while the growth of C1+C2 reserves for the Holding Company (including Syria, the Kalmyk Republic, the Samara and Orenburg regions) amounted to 63 million tons of crude oil and 4 billion cubic meters of gas. 3 oil fields: Shadkinskoye, Zapadno-Repinskoye and Severo-Boghemskoye were put into trial operation. All the planned geological engineering activities for 2009 have been fulfilled. The Board of Directors reviewed the activity results of the Internal Audit Department of OAO TATNEFT in 2009 and approved a plan of works for 2010. The Board of Directors listened to the information on the preparations for the commemoration of the 60th anniversary of OAO TATNEFT establishment. Particular attention will be paid during the year to honoring and providing additional material and other assistance to the honored veterans of the oil region of the Republic. There are also plans to arrange special scientific and practical conferences, as well as a number of festive events. It has been decided that the main anniversary celebration events to be held in Almetyevsk will be timed to September 4, Day of the Oil and Gas Industry workers of Russia. The Board of Directors also discussed a number of issues related with preparation of the Annual General Meeting of the Company’s Shareholders on the Company’s activity results in 2009. The meeting will be held in Almetyevsk (Republic of Tatarstan), at the "Neftche" Palace of Culture at 10.00 am Moscow time on June 25, 2010. The Board of Directors approved the participants’ registration procedure. Pre-registration will be arranged at 10, Gagarina Street, Almetyevsk (Property Department of OAO TATNEFT) from 8.00 am to 5.00 pm during the period of June 15 to June 24, 2010. The registration on the meeting day will be held from 08.30 in the building of the "Neftche” Palace of Culture. The list of persons eligible to participate in the meeting will be compiled based on the data from the register of shareholders of the Company as of 08.00 am, May 10, 2010. Under Article 56, Paragraph 1 of the Federal Law “On Joint Stock Companies" the functions of the Counting Commission will be carried out by the Company's Registrar. The Board of Directors’ meeting also considered a number of other issues of OAO TATNEFT activity.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.02.01_09.46.48.470Wed, 27 Jan 2010 09:45:00 +0300In 2010, OAO TATNEFT will complete the second stage of a comprehensive energy conservation program which has been in effect since 2000. A wide range of measures to reduce energy consumption was implemented during this period. The energy savings amounted to about 1 million 600 thousand tons of standard fuel or 18% of the total fuel and energy resources consumption. Specific power consumption for oil production was steadily declining in recent years.In 2010, OAO TATNEFT will complete the second stage of a comprehensive energy conservation program which has been in effect since 2000. A wide range of measures to reduce energy consumption was implemented during this period. The energy savings amounted to about 1 million 600 thousand tons of standard fuel or 18% of the total fuel and energy resources consumption. Specific power consumption for oil production was steadily declining in recent years. As a result of implementation of the complex range of measures, such as application of hourly electricity consumption planning for the day ahead, arrangement of the activities for the optimum rate selection, the cost growth of electric power for Tatneft amounted to 14.6% during the past year, while the approved energy tariffs for industrial enterprises of the Republic of Tatarstan increased by 25%. In connection with the annual increase of electricity tariffs the energy saving measures have now become of greater urgency. Over the past five years the share of energy in the structure of operating costs increased from 8% to 13% and subject to the further growth of tariffs it could exceed 20% by 2015. A new 10-Year Resource Saving Program is in the process of development now and it will be launched in 2011. Unlike the previous programs targeted at saving energy only, the new program lays emphasis on saving all kinds of resources: material, labor and energy, and such an approach plays an important role today. The program identifies priorities for improving energy efficiency of OAO TATNEFT and also forms a multilevel system of indicators for analysis and monitoring of the process. Priority is given to activities, which provide for quick return and are cost effective, as well as to new developments in the area of energy conservation such as alternative sources of electricity. A full survey of all power facilities of the Company was carried out in the past year in order to identify additional reserves for optimization of the energy costs in the energy supply system.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.02.01_09.44.03.827Fri, 29 Jan 2010 09:42:00 +0300Tatneft being a long time leader in the petroleum industry in Russia with regard to the wells mean time between failures (MTBF) has reached a new level: the average MTBF increased from 907 days to 1,011 days (by 11.5%) in 2009.Tatneft being a long time leader in the petroleum industry in Russia with regard to the wells mean time between failures (MTBF) has reached a new level: the average MTBF increased from 907 days to 1,011 days (by 11.5%) in 2009. The new achievement means a further growth of trouble-free equipment operation period, reducing downtime of wells awaiting repairs, reducing costs to maintain the well stock in working condition. This allows an appreciable saving of energy and resource consumption. This is the result of joint efforts of geologists, engineers, well maintenance and workover people as well as many other professionals of TATNEFT working in close collaboration with colleagues from the management service companies.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.02.01_09.41.52.558Thu, 28 Jan 2010 09:30:00 +0300For the purpose of meeting the interests of the shareholders the Board of Directors of OAO TATNEFT has taken a decision to hand over the shareholders’ register to the Almetyevsk branch of OOO Eurasian Registrar. An appropriate agreement was signed on January 28, 2010 for keeping the register of the registered security holders.For the purpose of meeting the interests of the shareholders the Board of Directors of OAO TATNEFT has taken a decision to hand over the shareholders’ register to the Almetyevsk branch of OOO Eurasian Registrar. An appropriate agreement was signed on January 28, 2010 for keeping the register of the registered security holders.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.01.26_15.05.13.029Mon, 25 Jan 2010 14:58:00 +0300A conference of JSC TATNEFT’s (the "Company") employees held in Almetyevsk (Republic of Tatarstan) on January 25, 2010 summarized the results of the Company’s activities and fulfillment of the Collective Bargaining Agreement for 2009 and approved plans for 2010.A conference of JSC TATNEFT’s (the "Company") employees held in Almetyevsk (Republic of Tatarstan) on January 25, 2010 summarized the results of the Company’s activities and fulfillment of the Collective Bargaining Agreement for 2009 and approved plans for 2010. TATNEFT produced 25 million 850 thousand tons of crude oil, an increase of 84 thousand tons over the previous year. Since 1994, during the period of the oil production stabilization TATNEFT’s crude oil production had increased by 9.3% or by 2.2 million tons in aggregate. In 2010 the total aggregate production of the TATNEFT Group, including oil production in the Samara and Orenburg regions, amounted to 26 million 106 thousand tons. Natural gas production was 292 thousand tons, the production of associated petroleum gas was 756 million cubic meters. TATNEFT continued active work on implementing its strategic goals, i.e., increase of hydrocarbon reserves in 2009, including outside the Republic of Tatarstan and Russia. The Company discovered 16 new oil fields, including 10 fields in the Republic of Tatarstan, 3 fields in the Samara, and 2 fields in the Orenburg region. The Company discovered a new oil field in Syria and drilled 4 exploration wells, with debit of up to 150 m³ per day. Two exploration wells were drilled in Libya. Testing of the first well demonstrated the crude oil inflow in the amount of 103 m³ per day, while the second well development yielded 130 m³ per day. Consistent implementation of geological exploration provides stable increase of recoverable reserves for TATNEFT in the amount that compensates current crude oil production. Increase in recoverable reserves of the crude oil and condensate totaled 62.6 million tons in 2009, including 44.4 million tons increase in the Republic of Tatarstan. According to an independent international petroleum engineers firm Miller and Lents the total proved, probable and possible crude oil reserves of TATNEFT amounted to 1.061 billion tons as of the beginning of 2009 without taking into account the reserves increase over the past year and the discovery of the South Kishma crude oil field in Syria. In addition there are significant resources of extra-viscous oil in Tatarstan estimated from 1.5 to 7 billion tons. The program of works for the development of these reserves continued at Ashalchinskoye field during the past year. The volume of oil production from the three pairs of wells amounted to 18.4 thousand tons in 2010. In total the amount of 38 thousand tons of oil was produced from the beginning of the pilot area development with the average daily per well production rate of about 30 tons. A large range of works was carried out in 2009 for the construction of the TANECO complex of refineries and petrochemical plants with erection of the main technological equipment, such as CDU/VDU-7 (ELOU-AVT-7) installation and the infrastructure facilities are at the final stages of construction. The first stage of the plant’s complex is scheduled to be commissioned in 2010. The network of the Company’s petrol stations was developing in accordance with the strategy adopted with their total amount reaching 624 units by the end of the last year. In 2010 the volume of retail and small wholesale sales of oil and gas products in the Russian Federation reached 1.5 million tons. TATNEFT together with its strategic partner, Germany-based Continental AG, completed construction of the steel cord tire factory in 2009. This project can be considered an innovative breakthrough for the whole country. The total amount of TATNEFT’s investments into major projects in the tire business over the 10 years accounted for 28 billion Rubles. This permitted to annually increase the pace of production levels and ensured an increase of 150% in tires production by the beginning of 2008 as compared to the 1999 level. TATNEFT completed 2009 with good financial results, which demonstrated sustainable and stable development of the Company. Net revenues from sales of products are expected to total about 220 billion rubles. The Company expects to receive about 70 billion rubles of pre-tax profit. The amount of taxes and payments to the budget of all levels (including VAT and export tax) is expected to total about 170 billion rubles. TATNEFT will transfer over 20 billion rubles to the consolidated budget of the Republic of Tatarstan for the year 2009. Innovative development and research and intangible assets are the basic platform for further growth of the corporate brand. In general, the activities of TATNEFT in this field received numerous awards in 2009. A team of the Company’s professionals was awarded the State Prize of the Republic of Tatarstan in the field of science and technology. TATNEFT was once again recognized as the "Best Company of the Republic of Tatarstan in the area of inventions and rationalization". Nine projects of the Company were awarded the first prize in the contest "50 Best Innovative Ideas for The Republic of Tatarstan". For the sixth consecutive time TATNEFT was recognized the absolute "ECOleader" in the Republic of Tatarstan for the targeted and effective environmental protection activities and for the fourth time the Company was named the winner of the Russia’s "EcoMir" national environmental award. TATNEFT ranks No. 1 among oil companies in the country and No. 4 among 100 largest Russian companies in the rating of social and environmental responsibility of business. The shares of TATNEFT were included into the portfolio of the NERAX-Eco stock index for 2010 complied from the most environmentally successful companies. TATNEFT was named a winner in three nominations of the eleventh All-Russia competition "Best Annual Report" in 2009. In 2009, despite difficult economic situation, TATNEFT successfully continued implementation of the social development programs maintaining all social guarantees and the level of welfare for the Company’s employees. The meeting summarized the fulfillment of the Collective Bargaining Agreement terms between TATNEFT’s management and the employees of in the past year and adopted a new agreement for 2010. <b><i>Forward-looking statements:</i></b> <i>These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of 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 or implied by such forward-looking statements to differ. OAO TATNEFT assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.</i>http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.01.23_01.03.33.313Fri, 22 Jan 2010 15:10:00 +0300D.A. Medvedev, President of the Russian Federation, expressed his appreciation to Sh.F. Takhautdinov, General Director of OAO TATNEFT for active participation in the preparation arrangements and holding of the All-Russia Forum "Russia is a Sports Power", which started systematic work in promoting healthy lifestyle, as well as promoting sports and physical culture in the Russian Federation.D.A. Medvedev, President of the Russian Federation, expressed his appreciation to Sh.F. Takhautdinov, General Director of OAO TATNEFT for active participation in the preparation arrangements and holding of the All-Russia Forum "Russia is a Sports Power", which started systematic work in promoting healthy lifestyle, as well as promoting sports and physical culture in the Russian Federation. Many kinds of mass sports develop with the support of the leaders of the Republic of Tatarstan and TATNETFT Company. The Company also participates in the works to prepare for the XXVII-th World Summer Universiade in Kazan in 2013. The experience of the sports movement in Tatarstan has been deservedly recognized as one of the most effective in our country, as evidenced by a number of big victories of Tatarstan athletes in Russia and at the world's scale. The Head of the State also gratefully noted the big personal contribution of Sh.F. Takhautdinov, General Director of OAO TATNEFT, into providing for the Russian Federation's Presidency in the Shanghai Cooperation Organization (SCO) in 2008-2009, the preparation of the of the Heads of States - members of the SCO Council Meeting and the first Summit of the BRIC countries (Brazil, Russia, India and China) in Yekaterinburg in 2009. The regional and international SCO organization, founded in 2001 by the leaders of China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan and Uzbekistan, significantly expanded the scope of cooperation between the countries belonging to the association in recent years. Many new directions for the further development of cooperation and ensuring favorable environment for trade and investment have been worked out. It is important that the economic emphasis is laid on the development of direct ties between business communities and particularly between energy companies under the auspices of the Energy Club with involvement the Business Council and SCO Interbank Association capabilities. Thus, the Leadership and the entire Company's contribution into development of foreign economic relations and strengthening the business reputation of Russia as well as a great contribution into the development of physical culture and sports have been adequately appreciated and given a well deserved recognition at the very highest level today,.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.01.20_08.51.42.436Tue, 19 Jan 2010 20:48:00 +0300Managers and senior staff of the Ministry of Finance and the Ministry of Natural Resources visited TATNEFT on January 18-19 in the framework of studying the experience of stabilizing and increasing oil production in the oldest oil producing region of Russia. The purpose of their visit was to familiarize with the experience of Tatarstan and TATNEFT, which has substantial developments in the matter of the State promotion of crude oil production from small and marginal oil fields, as well as in application of new highly efficient technologies of crude oil recovery enhancement.Managers and senior staff of the Ministry of Finance and the Ministry of Natural Resources visited TATNEFT on January 18-19 in the framework of studying the experience of stabilizing and increasing oil production in the oldest oil producing region of Russia. The purpose of their visit was to familiarize with the experience of Tatarstan and TATNEFT, which has substantial developments in the matter of the State promotion of crude oil production from small and marginal oil fields, as well as in application of new highly efficient technologies of crude oil recovery enhancement. Sergey Shatalov, Deputy Finance Minister, Sergei Donskoy, Deputy Minister of Natural Resources and Environment of the Russian Federation, Managers of the Department of Economics and Finance of the Ministry of Natural Resources, the Department Head of taxation and customs tariff policy of the Russian Federation Finance Ministry, together with the Managers of OAO TATNEFT discussed possible approaches for governmental incentives to increase the crude oil production. In particular, they discussed putting into development the small oil fields and small business development in this area. In addition the proposals of TATNEFT's Management regarding the State aid in the development of deposits of extra-viscous oil (natural bitumen) and introduction of oil recovery enhancement methods were discussed. During the two days stay the delegation visited a number of the Company's facilities, where it got familiarized with new technologies for the effective development of hard-to-recover and marginal oil reserves, extra-viscous oil recovery, and also utilization of associated petroleum gas (APG), etc. directly on site. The delegation also visited a plot at the Ashalchinskoye field, where pilot operations are on the way to recover extra-viscous oil and where the only in Russia slant mast drilling rig operates for drilling horizontal wells. The delegation was given a chance to get acquainted with the whole complex technological chain of registration and control of the crude oil produced with application of advanced technologies from the wellhead to realization of marketable products to Transneft system. Possible measures of the State support to increase production from small fields, enhanced oil recovery, development of extra-viscous oil fields, as well as development of the small and medium-size businesses in the oil sector were discussed in the course of the working meeting together with the top management of TATNEFT. The meeting participants noted that today with increasing depletion of the main large crude oil fields in Russia the development of small fields with hard-to-recover reserves, the share of which in the country is quite substantial, is becoming increasingly relevant. During the final meeting with Shafagat Takhautdinov, General Director of the Company, it was stated that the solution of all the above mentioned problems is only possible under the condition of joint work together with the concerned ministries of the state and subsoil users. The parties agreed that, given the complexity and capital intensity of new technologies introduction allowing to more effectively and efficiently exploit the mineral wealth, high unit cost of development and construction of small fields, there is a need for governmental support at the level of economic stimulation and tax incentives application. The meeting participants agreed on adopting a joint plan for further activities with regard to the issues discussed.http://www.tatneft.ru/wps/wcm/connect/tatneft/portal_eng/press_center/news/news-list/news_2010.01.17_12.07.09.999Fri, 15 Jan 2010 12:05:00 +0300Fedor Shchelkov, Deputy General Director of OAO TATNEFT for General Issues, has been recognized a winner of the Republican public contest "Manager of the Year-2009" in the nomination "For the active promotion of goods produced by national manufacturers and application of electronic technologies". This contest has been held in the Republic of Tatarstan for the ninth time, however the mentioned nomination has been introduced for the first time, since this type of activity is given special consideration in Tatarstan.Fedor Shchelkov, Deputy General Director of OAO TATNEFT for General Issues, has been recognized a winner of the Republican public contest "Manager of the Year-2009" in the nomination "For the active promotion of goods produced by national manufacturers and application of electronic technologies". This contest has been held in the Republic of Tatarstan for the ninth time, however the mentioned nomination has been introduced for the first time, since this type of activity is given special consideration in Tatarstan. The top manager of the Company has been awarded for the arrangement of the electronic trading system at the construction site of the TANEKO Complex of refineries and petrochemical plants (Nizhnekamsk, Republic of Tatarstan) with TATNEFT being the main coordinator of the construction. About 70 million rubles are spent here every day, and the e-information system allows to significantly accelerate the procedure for procurement of materials and components, as well as to ensure its transparency and maximum participation of domestic enterprises, and in general to significantly decrease total costs. The cost effectiveness of the system's application amounts to 30%. *OAO TATNEFT provided the TANEKO project financing in the amount of 74 billion rubles in 2009 (126 billion rubles from the beginning of the construction).