Tatneft’s reserves growth exceeded oil extraction by 1.2 times over the last 5 years

​According o the auditing company “Miller and Lens”, the proven oil reserves of Tatneft group as of the beginning of 2015 made up 851.5 mln tons, probable – 323.7 mln tons and possible – 28.9 mln tons. In the past 5 years oil reserves growth exceeded the extraction by 1.2 times. The group has a sufficient resource base for stabilization and oil extraction growth in Tatarstan and outside of it in Russia.

The results of execution of measures on the rise of financial stability of Tatneft’s subdivisions in today’s macroeconomic conditions were discussed by the Board. A constant monitoring of the macroeconomic parameters is held.

The deficit is covered by means of measures held in a few directions, including import replacement. They cover all spheres of activity – oil extraction, oil and gas processing, oil chemicals complex and a network of fuel stations. The realization of the respective measures allows to cover the need in financial funds and execute the plan on oil extraction, save social obligations, provide the level of planned profit and tax payment.