World Library  
Flag as Inappropriate
Email this Article


OAO Tatneft
Trading name Tatneft
Native name ОАО «Татнефть»
Type Public (OAO)
Traded as MCX: TATN
Industry Oil and gas
Founded 2000 (2000)
Headquarters Almetievsk, Tatarstan, Russia
Key people Rustam N. Minnikhanov (Chairman)
Shafagat Takhautdinov (CEO)
Products Petroleum
Natural gas
Revenue Increase US$ 14.5 billion (2012)
Net income Increase US$ 2.4 billion (2012)
Employees 80,560
Website .ru.tatneftwww

Tatneft (Russian: ОАО «Татнефть»; traded as: MCX: TATN, FWB: 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.[1]


  • History 1
  • Operations 2
  • Shareholders 3
  • Controversies 4
  • Ecology 5
  • References 6
  • External links 7


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 (LSE: ATAD) stock exchanges. In 1998, Tatneft was the first Russian company whose ADRs were traded on the New York Stock Exchange. For years, Tatneft traded under the ADR (stock symbol TNT). It retired that listing in 2006. In 2013 Tatneft produced its one millionth tire.[2]


The main activities of Tatneft are:

  • gas and oil exploration and production
  • gas and oil refining and marketing
  • petrochemicals (including Nizhnekamskshin tire-making plant)
  • banking services (through its subsidiaries Bank Zenit and Bank Devon-Credit)

Tatneft is the first Russian oil company, which developed a contract with Syria to extract oil. The contract became effective in March 2005.[3]

As of 31 December 2007, Tatneft had total proved reserves of approximately 862 million tons of crude oil.[4] It operated 77 oil fields, including the main field of the company - Romashkino, with total production capacity of 25 million tons of oil and 700 million tons of gas annually. Other main oil fields are Novo-Yelokhov and Bavly.[5] In addition to Russia, it conducts exploration and production operations also in Libya, Angola, Syria, Iran, Vietnam, Oman and Saudi Arabia.[5][6] 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.[7]

In September 2007, Tatneft formed a strategic partnership with Royal Dutch Shell to develop heavy crude oil (bitumen) production in Tatarstan.[8] It considers similar partnership with Chevron.[9]

Through its subsidiary TANEKO, Tatneft is constructing the Nizhnekamsk refinery and petrochemical complex, which it intends to commission in phases in 2009 and 2011-2012.[10] The complex will include of refineries with the capacity of seven million tons per year, deep oil conversion plant of 3.5 million tons per year and petrochemical plant, which will produce linear alkyl benzene for production of washing materials and oil lubricants, paraxylene and terephthalic acid for production of polyester fibers (u1074), cellophane film and bottles, and polypropylene.[5] The complex is expected to cost US$3–3.2 billion, of which $2 billion was invested in 2008, and $1–1.2 billion would be invested in 2009.[11]

Metal Mining Wire reports that in the first half of 2013, Tatneft has installed 630 gas filling stations across Russia. In Ukraine, the number of filling stations has reached 114, and Belarus has received a total of eight gas filling stations. Tatneft delivered 730,000 tons of petroleumand gas products to its filling stations. Tatneft also 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. As of July 2013, Tatneft is evaluating ways to install solar panels at its filling stations in an effort to save resources.[12]


The main shareholder is the Republic of Tatarstan through its holding company Svyazinvestneftekhim, which holds 34% of Tatneft.[5] The Government of Tatarstan holds also a golden share in the company.


Tatneft has an ongoing dispute with the Government of Ukraine over control in Ukrtatnafta, an owner of the Kremenchuk oil refinery.[13] Ukrainian state-owned energy company Naftogaz Ukrainy owns 43.1% of shares in Ukrtatnafta, Tatneft owns 8.6% and Government of Tatarstan owns 28.8%.[14] 18% of the shares were transferred to two offshore companies allied with Tatneft, transaction which was not recognized by Ukrainian authorities. According to the court decision, these share were handed over to Naftogaz and in October 2007, there was a management change, which is not recognized by Tatneft. In March Tatneft filed international arbitration against Ukraine.[13]

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.[15] Although officially the linkage between reduction of oil supplies and the radar agreement was not claimed, it was suspected.[16]


In 2013, TatNIPIneft, the Tatar Oil Research and Design Institute devised a new technology called SSG-VUKSZHS, which increases the depletion of oil reservoirs using a composition based on silica gel. 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.[17]


  1. ^ Vedomosti (2 March 2006). "Tatneft ready to encumber 5% stake". Antanta Capital. Retrieved 11 January 2009. 
  2. ^ Benjamin Close, "Tatneft's tire manufacturing facility produces millionth solid steel cord tire", Metal Mining Wire, 24 Apr 2013
  3. ^ Katz, Mark N. (2006). "Putin's Foreign Policy Toward Syria". MERIA. Retrieved 24 February 2013. 
  4. ^ "TATN3 Details". Business Week. Retrieved 11 January 2009. 
  5. ^ a b c d "Tatneft" (PDF). Veles Capital. 2008-09-22. Retrieved 2009-01-11. 
  6. ^ "Tatneft' OAO. Summary". Google Finance. Retrieved 11 January 2009. 
  7. ^ "Home Page (in Russian)". OAO Tatneft. Retrieved 5 November 2010. 
  8. ^ "Tatneft and Shell to develop strategic partnership" (Press release).  
  9. ^ "Russia's Tatneft eyes Chevron tie-up".  
  10. ^ "Fitch release on OAO Tatneft". Reuters. 2008-07-11. Retrieved 2009-01-11. 
  11. ^ Vladimir Soldatkin (2005-05-05). "Tatneft to seek up to $1.2 bln for refinery". Reuters. Retrieved 2005-05-30. 
  12. ^ Moran, Mike. "Tatneft installs 630 gas filling stations during first half of year", Metal Mining Wire, July 18, 2013 (retrieved July 22, 2013).
  13. ^ a b "O.A.O. Tatneft - Arbitration against Ukraine". Reuters. 2008-03-17. Retrieved 2009-01-11. 
  14. ^ "Ukraine deputy PM says Kremenchug head illegal". Reuters. 2007-10-24. Retrieved 2009-01-11. 
  15. ^ "Russia Tatneft says re-routed Druzhba oil to Turkey". Reuters. 2008-07-15. Retrieved 2009-01-11. 
  16. ^ Andrew E. Kramer (2008-07-11). "Russian oil to Czechs slows after U.S. pact".  
  17. ^ Waits, Douglas (1 October 2013). "Eco-friendly technologies to improve oil recovery". Cistran Finance. Retrieved 25 October 2013. 

External links

  • Official website
  • Tatneft analytics information
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.