OREANDA-NEWS. July 28, 2011. A regular meeting of the Board of Directors of OAO TATNEFT chaired by the R.N. Minnikhanov, President of the Republic of Tatarstan - Chairman of the Board of Directors of TATNEFT, was held in Kazan (Republic of Tatarstan), reported the press-centre of TATNEFT.

The Board of Directors meeting reviewed the budget execution of TATNEFT for the first half of 2011 and approved the budget for August of the current year.

The Board of Directors discussed the information on the implementation of measures to ensure sustainable power supply for crude oil production facilities in the winter period. Jointly with the Ministry of Forestry of the Republic of Tatarstan the measures to clean up the overhead power line corridors had been developed and implemented. A long--term investment program for the reconstruction of the power supply system designed for 15 years had been adopted.

The Board of Directors heard the information about the organization of summer holiday camps of TATNEFT. There are 13 children's health improvement camps for 2,050 beds in operation at the structural divisions and subsidiaries of the Company. They are all located at picturesque nooks of nature and meet all modern requirements for comfortable accommodation and recreation. More than 8,000 children of TATNEFT Group of companies' employees have a rest and improve their health in the camps each year.

The Board of Directors also discussed other issues of the Company's activity.