OREANDA-NEWS. January 19, 2010. TANECO’s site hosted an HQ meeting to summarize the accomplishments of the Oil Refining and Petrochemical Complex Project achieved in 2009. Before the meeting the 1st Start-up Complex facilities currently undergoing the aggressive construction activities were visited by the top leaders including RT Prime Minister Rustam Minnikhanov, RT Minister of Construction, Architecture and Housing Marat Khusnullin, Tatneft General Director Shafagat Takhautdinov, Head of Municipal Area Aidar Metshin, TANECO General Director Khamza Bagmanov.

The top issue of the meeting agenda – accomplishments of 2009 and path forward to support 2010 objective – was addressed by Mr. Kh. Bagmanov, TANECO General Director. He noted that 72 (seventy two) billion Rubles had been invested by Tatneft within the last 12 (twelve) months (124 bln Rbls from the beginning of construction) making it possible to perform construction works in the amount of 22.5 bln Rbls., which is 3.8 times increase against the year of 2008. The cumulative amount of the construction works performed from the beginning of construction is valued at 31 bln Rbls.

In 2009 the Complex received the equipment valued at 10 bln Rbls, which is 4 times as much as in 2008. This enormous scope was performed owing to the intensive efforts of the Project participants – Tatneft, TANECO, engineering and construction contractors.

The General Director noted that with the view of supporting the target objective – start up of Step 1A1 by 10.10.2010 – a target schedule was developed and approved envisaging step-wise completion of works. Detailed elaboration of the combined engineering, procurement, and construction schedules is currently under way.

In 2010 the Complex site expects consuming 15.5 bln Rbls for construction and installation works while the maximum scope of works will fall on February, March and April. Additional mobilization of man-power shall be required to accomplish the objective set - up to 9.5 thousand within the peak period.

The reports were also made by the managers of the General Design Company VNIPIneft – Vladimir Kapustin – and of General Construction Contractor – Management Company Kamaglavstroy – Valeriy Samilov. They highlighted the activities which would support 2010 objectives.

The achievements of 2009 were summarized by RT Prime Minister Mr. R.N. Minnikhanov. He noted a significant progress of construction activities and highly appreciated the efforts of all the Project participants. On behalf of RT President and RT Government Rustam Minnikhanov expressed his gratitude to the management of Tatneft for significant contribution to the Project.