OREANDA-NEWS. September 10, 2007. Oil company Tatneft based in the Russian Volga republic of Tatarstan said Monday its oil production increased 1.9% to 17 million tons (127 million bbl) in January-August 2007 year-on-year.

The company's reported a 0.7% increase in oil output to 2.2 million tons (15.9 million bbl) in August 2007 against August 2006.

Oil production in Tatarstan has grown 2.6% to 21 million tons (157.6 million bbl) since January, and the republic reported a 1.4% increase year-on-year in oil output to 2.7 million tons (19.8 million bbl) in August.

Tatneft and its subsidiaries handle upstream and downstream operations and account for over 80% of oil output in Tatarstan.