OREANDA-NEWS. February 04, 2013. A regular meeting of the Board of Directors of the JSC TATNEFT, chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan), reported the press-centre of TATNEFT.

The Board of Directors reviewed the budget execution of the JSC TATNEFT for the year 2013 and approved the budget for February of the current year.

Information the implementation of the Ashalchinskoye extra-viscous oil field development business project for the period though 2030 was presented to the Board of Directors. The project envisages drilling 10 horizontal wells pairs drilling annually at Ashalchinskoye structure. The daily production rate of the extra-viscous oil from 11 well pairs is over 270 tons today.

The Board of Directors discussed a number of issues related to the preparation of the Annual General Meeting of the Joint Stock Company Shareholders on the results of operation in 2012.

The Board of Directors also considered a number of other issues of the JSC TATNEFT activity