OREANDA-NEWS. A group of investors composed of the representatives of Prosperity Capital Fund, TKB Investment Partners, East Capital, Sberbank UA, Franklin Templeton and Verno Capital and a group of the analysts and employees of "Renaissance Capital" Investment Bank visited the "TANECO" Refinery Complex on October 3, 2016 and got acquainted with the work of the main production facilities, including the delayed coking unit, which commissioning enabled the "TANECO" Complex to stop yielding  fuel oil this summer and to increase the depth of processing to a record 99% level  and the yield of light oil products  up to 87%.

In addition, the investors had the opportunity to observe the progress of the work on the construction of the facilities to improve the quality of the products output (hydrotreatment, reforming and other facilities), as well as the CDU-AVT-6 installation and other facilities of high refining efficiency projects.

A meeting of the investors with the TATNEFT’s management headed by the Company’s General Director was held at the Company's headquarters in the city of Almetyevsk. Nail Maganov pointed out in his speech the role of investors in the formation of the Company's value and the need to understand the strategic objectives and priorities of the Joint Stock Company by the market.

Nurislam Syubaev, Deputy General Director for Strategic Development presented to the event’s participants the main aspects of the Company's strategy until 2025, which had been approved by the TATNEFT’s Board of Directors in the beginning of August 2016 (presentation is available on the external portal of the Company in the subtopic "Investor Presentations"” of the topic “Information Disclosure” of the section “To Shareholders and Investors"). The strategy has been calculated in  three main macro scenarios, provides for progressive growth in crude oil production, expansion and increase of the refining segment contribution in the Company's value, reduction of specific costs and other activities, which taken together result in the baseline scenario of doubling the TATNEFT’s value in US dollar terms by 2025.

After the presentation there was a discussion on a wide range of issues relating to the Company's activities and the Company’s plans, including the risks of changes in the oil market, measures in the area of the industry taxation after the so-called big tax maneuver, influence of the development of alternative energy sources and energy storage units, opportunities for cost optimization for crude oil production, etc.

In the course of a two-day visit on October 4, 2016 the investors visited the facilities of extra-viscous oil (EVO) production at Ashalchinskoye deposit developed by NGDU "Nurlatneft" of the Company. To date, the production of HVO exceeded 2,300 tonnes per day and it is expected that the annual production will amount to more than 500 thousand tonnes in 2016, and more than 1 million tonnes per year in 2017. Development of HVO fields is one of the TATNEFT’s crude oil production growth sources, where the most advanced technologies and approaches are introduced, many of which result from the Company’s   innovative activities.

TATNEFT is aimed at maintaining a high level of openness and cooperation with all the shareholders and investors. In the near future a number of activities are planned in the framework of which the Company will present its strategy until 2025 to a wider investor base.