Tatneft increased its oil production over the four months of the current year

In April 2017 enterprises of the Tatneft group produced 2,362 million tons of oil.

18.May.17 1:38 PM
By Christina Orlina
Photo Toinnov.com

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Tatneft increased its oil production over the four months of the current year

Overall, from January to April this year, the group of companies "Tatneft" has extracted 9,578 million tons, which is 4% higher than a year earlier over the same period. As reported by "Tatneft", the parent company of JSC "Tatneft" in April produced 2,333 million tons of "black gold". Overall, from January through April produced 9,458 million tons, which is 3.9% more than in the same period of 2016.

In 2016, the company's profit attributable to shareholders amounted to 107,389 billion rubles, an increase compared to 2015 of 8.6%. The company's revenue for 2016 is increased by 5% to 580,127 billion. EBITDA (earnings before taxes, interest on loans and depreciation) at the end of last year rose 6.5% to 165.6 billion rubles.

Tatneft is the sixth on volume of oil production company in Russia. A total of more than 80% of its shares is stored in the depositories of the Russian Federation and the Republic of Tatarstan.

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