Investment management
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The Company’s investment activity is performed in acc. with the strategy of development of the TATNEFT Group and is aimed at ensuring:
- oil production profitability increase;
- improvement of structure of and increase in the volume of reserves;
- production of extra viscous oil in the Republic of Tatarstan;
- introduction of advanced technologies for oil fields development and the latest techniques for oil recovery enhancement;
- diversification of production and increase in the volumes of product sales due to development of the own oil and gas refining and petrochemical stream;
- development of a retail network of fuel stations;
- implementation of projects in the Alabuga exclusive economic zone;
- a high level of corporate social responsibility.
The main principles of corporate policy for the Company’s investment activity are as follows:
- investments in the most efficient projects according to the results of optimization;
- motivation of the declared level of profitability with respect to each area of the investment activity;
- evaluation and monitoring of each investment project efficiency.
As a result of successive realization of these principles, growth of investments efficiency with respect to the TATNEFT Group, improvement of the quality of planning and investment projects evaluation, growth of interest and responsibility of structural subdivisions (Oil and Gas Production Boards) in ensuring the planned investments efficiency are maintained.
In 2008 total volume of investments by TATNEFT Group amounted to 72,007 million rubles.
According to the investment strategy of the Company 37.6 % of investments were made to maintain and to expand producing capacities of the oil fields in the Republic of Tatarstan and outside it.
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