OREANDA-NEWS. A regular meeting of the TATNEFT Company’s Board of Directors was held, which discussed the Company’s budget performance for the first eight months of 2016 and approved the budget for October and the fourth quarter of the current year.

The Board of Directors was briefed on the results of the financial and economic activities of the Petrochemical Complex’ enterprises. The TATNEFT’s Petrochemical Complex sold 11.9 mln tires in 2015 and the expected sales volume will increase this year by 11.5% amounting to 13.2 mln tires These planned figures are in line with the “TATNEFT Company’s development strategy until 2025” which key objectives provide for a fivefold increase of EBITDA, a two-gold rate of return growth by EBITDA and tires’ sales volume growth by 1.4 times.