OREANDA-NEWS. July 19, 2011. TATNEFT enhances the quality of electronic trading through attracting a larger number of suppliers for the needs of the Company. This helps to optimize prices for the goods purchased, reported the press-centre of TATNEFT.

3,435 supplier companies have been registered in the framework of building the electronic trading system for the procurement of materials and technical resources for TATNEFT Group companies.

648 two-stage procurement procedure for the total amount of 3,570 million rubles have been arranged for 6 months of 2011. (1,609.3 billion rubles for 6 months in 2010). At the first stage a call for bids has been announced, while in the second stage has been the auction with price lowering for the participants, who evaluated the whole lot.

Successfully held 315 auctions amounting to 1315.6 million rubles. with savings from the initial price to the amount of 41.8 million rubles.

In into 2011, all Management Companies of the Tatneft Group of companies concluded agreements to participate in electronic commerce system with TATINTEK, which is the project's operator.

Third-party companies are involved in order to develop an electronic trading platform.

The Management Companies and their subsidiaries have carried out 255 procurement procedures in the amount of 847.5 million rubles For the 6 months of 2011 (153 million in the 1st half of 2010). Trading with independent oil companies has been arranged for the anount of 113 million rubles. (3.5 million In the 1st half of 2010).

Information Reference
Tatintek Management Company was established in 2009 on the basis of industrial automation shops of NGDUs, TatASUneft and TatAISneft Administrations. The new company was assigned a task of improving performance in area of information technologies, standardization of all business processes, integration of automated industrisl systems while reducing the cost of their operation.