OREANDA-NEWS. A regular meeting of the Board of Directors of PJSC TATNEFT, chaired by  R.N. Minnikhanov, Acting President of the Republic of Tatarstan, was held in Kazan on August 26, 2015.

The meeting reviewed the budget execution of PJSC TATNEFT for seven months of 2015 and approved the budget for September of the current year, discussed the results of the Company’s financial and economic activities in the first half of the year.

During the reporting period, the Company's fields produced 13.11 million tonnes of crude oil, which was 1% higher than during the same period last year. The production volume of associated  gas amounted to 437 million cubic meters, which was 0.3% percent higher than over the same period in 2014.

There were 169 new production wells commissioned, which produced 139 thousand tonnes of crude oil. The amount of 167 thousand tonnes of oil was produced at Ashalchinskoye extra-viscous oil field in the first half of the year. The total production since the beginning of the field development amounted to 729 thousand tonnes of extra-viscous oil.

The gross income from sale of the shipped products during the reporting period amounted to RUR 306.7 billion. The net proceeds (excluding VAT, export duties and excise duties) amounted to RUR 239.1 billion. The Company received RUR 50.8 billion net profit as a result of the financial and economic activities.

The information on the state of occupational health and safety and measures of improvement was presented to the Board of Directors meeting. The industrial safety system of TATNEFT Company is a complex of inter-related social, economic and technical measures governed by laws and regulations and aimed at creating   safe working conditions at the production sites. Over the past three years, they have prevented accidents, fires and fatal accidents in the structural divisions and the injury rate has reduced three times over the past decade.

 The Board of Directors also considered a number of other issues of the Company’s activities.