Tatneft
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| Tatneft | |
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Native name
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ОАО «Татнефть» |
| Public () | |
| Traded as |
MCX: TATN : TTFB |
| Industry | Oil and gas |
| Founded | 1950 |
| Founder | Ministry of Oil Industry of USSR |
| Headquarters | Almetyevsk, Tatarstan, Russia |
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Key people
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Rustam Minnikhanov (Chairman of the Board of Directors) Nail Maganov (CEO) |
| Products |
Petroleum Natural gas Petrochemicals |
| Revenue |
 US$ 14.5 billion (2012)
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US$ 2.4 billion (2012)
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Number of employees
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80,560 |
| Website | www |
Tatneft (Russian: ПАО «Татнефть»; traded as: MCX: TATN, : TTFB) is a Russian vertically integrated oil and gas company with headquarters in the city of Almetyevsk, in the Republic of Tatarstan. It is the sixth largest oil company in Russia.
Tatneft was created in 1950 by the merger of several local oil companies and related industries. Tatneft is listed on the MICEX-RTS, and its ADRs are traded on the Frankfurt (ISIN: US6708312052) and London (: ) stock exchanges. For years, Tatneft traded under the ADR (stock symbol TNT). It retired that listing in 2006. In 2013 Tatneft produced its one millionth tire.
The main activities of Tatneft are:
Tatneft is the first Russian oil company, which developed a contract with Syria to extract oil. The contract became effective in March 2005.
As of 31 December 2007, Tatneft had total proved reserves of approximately 862 million tons of crude oil. It operated 77 oil fields, including the main field of the company - Romashkino, with total production capacity of 25 million tons of oil and a very high amount of natural gas annually. Other main oil fields are Novo-Yelokhov and Bavly. In addition to Russia, it conducts exploration and production operations also in Libya, Angola, Syria, Iran, Vietnam, Oman and Saudi Arabia. In 2008, Tatneft's crude oil production was of 189 million barrels in 2008 and is expected to shrink by 1.5% to 186 million barrels in 2009.
As of 1 July 2010, Tatneft had 626 filling stations, of which 490 are located on the territory of the Russian Federation and 136 are located in Ukraine.
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Wikipedia