OREANDA-NEWS. July 28, 2014. A regular meeting of the JSC TATNEFT's Board of Directors chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan).

The Board of Directors   reviewed the JSC TATNEFT's budget implementation results of the first half of 2014 and approved the budget for August of the current year.

The Board of Directors discussed the information on the work organization on application of technologies for recovery and recycling of raw materials and equipment. It was pointed out that it is a significant resource in the Company's activities, which allows maintaining production costs at a proper level. Active application of the equipment rehabilitation technologies allowed the Company obtaining considerable economic benefit for the period from 2005 to 2013 and creating 1,117 new jobs at the same time.

The Board of Directors also considered a number of other issues of JSC TATNEFT's activities.