OREANDA-NEWS. A regular meeting of the Board of Directors of PJSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on February 25, 2016.

The meeting of the Board of Directors summed up the results of the TATNEFT Company’s budget execution for January and approved the budget for March 2016.

The meeting participants discussed the construction progress and strategy for further development of the TANECO project.  The following technological installations of the Complex are currently in the final project implementation phase: delayed coking unit, naphtha splitter and naphtha hydrotreatment unit. The active phase of realization now includes the following projects: naphtha isomerization, CDU-AVT-6, the first phase of aromatics production and aromatics extraction complex, heavy gas oil hydrotreatment, coking, diesel fuel hydrotreatment, kerosene hydrotreatment and heavy oil residues hydroconversion. In general at TANECO Complex the work is carried out to reduce the cost of delivered materials and search of alternative suppliers;   control over the quality of construction and installation works has been improved and measures are being implemented to increase the efficiency of the labor resources utilization.

The Board of Directors considered the issues of holding the Annual General Meeting of Shareholders of TATNEFT on the results of 2015 and a number of other issues of the Company’s activities.