Mission and Status of the Company Print version

TATNEFT is one of the largest Russian oil companies, operating as a vertically-integrated Group.

The Group includes:

- oil and gas production entities;
- oil and gas refining entities;
- petrochemical production facilities;
- enterprises for selling crude oil and gas, as well as oil, gas, and petrochemical products;
- intracorporate stream of service structures.

The main territory of the Company activity is the Russian Federation.

The Company provides for the stable replenishment of its reserves. According to Miller & Lents, international consulting company, the volume of proved developed, undeveloped and undrilled oil reserves of OAO TATNEFT amounted to 861.9 million tons (6,139 million barrels) as of January 01, 2009.

At the same time, the Company implements the strategy of an efficient reserves increase and expansion of the territory of its activities both outside the Republic of Tatarstan, as well as out of the Russian Federation.

Annually, the Company increases the volume of oil production. TATNEFT owns most licenses for oil exploration and production in the territory of Tatarstan, and expands its resource base through deposits development in the other territories. The Company performs pilot operations for the development of extra viscous oil deposits.

Along with strengthening of the resource base and increase of production volumes, the Company priority tasks include the following:

• development of oil and gas refining facilities
• expansion of sales markets for oil, gas and petrochemical products,
• expansion of the filling stations network under the corporate brand.

Industrial activity of the Company meets high standards of environmental and industrial safety.

OAO TATNEFT Company pursues the socially oriented policy, and makes an appreciable contribution to the development of national health-care, educational, sports programs and the programs aimed to support small-scale and mid-scale business.

In the framework of the development strategy the Company implements the process of restructuring aimed at increasing the production management efficiency, provision of costs transparency, optimization of labor, material and financial resources

The Company's activity is annually highly appraised by the State and by the public through granting prestigious awards and nominations.

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