17 Facts About Tatneft

Tatneft is a Russian vertically integrated oil and gas company with headquarters in the city of Almetyevsk, Republic of Tatarstan, Russian Federation.

Tatneft holds most of the exploration and production licenses and produces substantially all its crude oil in Tatarstan.

Tatneft was created by the Decree of the Council of Ministers of the USSR in April 1950 as a production association under the Ministry of Oil Industry of the USSR by uniting several drilling and derrick maintenance crews operating in Tatarstan.

In October 1995 Tatneft shares started to be quoted on the Russian Trading System and became one of the first constituents of the RTS Index RTSI.

In 2005 Tatneft launched the project of building a new large refining and petrochemicals complex in Nizhnekamsk, Tatarstan, which was called TANECO .

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In 2006 Tatneft launched the project of developing heavy oil natural bitumen reserves in Tatarstan.

Since September 2018 Tatneft is implementing the Strategy until 2030, which encompasses amongst other things the growth of crude oil production, expansion of Tatneft's refining capability, its service stations network, and the development of petrochemicals segment.

In 2019 Tatneft acquired from Neste Oil Corporation the Russian fuel retail business consisting of 75 fuel stations in North-West Russia and a terminal in Saint Petersburg.

In November 2019 Tatneft completed the acquisition of certain assets, including the production of various types of synthetic rubber used for the manufacturing of high-performance tires, located in Togliatti, Samara Region, Russia, from SIBUR.

Tatneft is the first Russian oil company, which developed a contract with Syria to extract oil.

In September 2007, Tatneft formed a strategic partnership with Royal Dutch Shell to develop heavy crude oil production in Tatarstan.

Metal Mining Wire reports that in the first half of 2013, Tatneft has installed 630 gas filling stations across Russia.

Tatneft upgraded many of its stations to deliver diesel fuel and eco-friendly grade five gasoline, both of which have a lower negative environmental impact than traditional gasoline.

Tatneft has an ongoing dispute with the Government of Ukraine over control in Ukrtatnafta, an owner of the Kremenchuk oil refinery.

On 9 July 2008, after signing an agreement between the United States and the Czech Republic to host a tracking radar for an antiballistic missile system, Tatneft reduced oil supplies through the Druzhba pipeline to the Czech Republic.

Tatneft said that it re-routed volumes from the Czech Republic to Turkey due to better prices.

The technology has been applied by Tatneft to enhance the recovery of oil, after winning the Grand Prix for best exhibit, engineering design or technical solution at the XX International Oil and Gas Exhibition 2013 held in Baku, Azerbaijan, in June.