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Tatneft´s Board of Directors reviewed the progress in achieving the sustainable development goals

Tatneft produced 25.6 million tons of oil last year, which is 12.8% less than in 2019. In December oil production amounted to 2.1 million tons.

Tatneft´s Board of Directors reviewed the progress in achieving the sustainable development goals

Kazan, January 27 - Neftegaz.RU. A meeting of the Board of Directors of Tatneft chaired by R. Minnikhanov, President of Tatarstan, was held today.
The meeting reviewed the results of the budget implementation for 2020 and approved the budget for February 2021.

Tatneft has been implementing a targeted program to improve the energy efficiency and energy conservation since 2010, which is one of the essential business planning aspects of the company.

The annual reduction rate of consuming the fuel and energy resources is more than 1% or 40.7 thousand tonnes of conventional fuel.
Tatneft plans to reduce the consumption of fuel and energy resources by 2% per year.

Tatneft's strategy takes into account the role of renewable energy sources and their importance for a cleaner, low-carbon energy future.
The Board of Directors approved projects of constructing wind power plants, small hydropower development, advance heat recovery, primarily for HVO facilities of SVN aimed at significantly increasing the share of renewable energy in the energy production of the company.

The company´s plan «Industrialization, Innovation, Infrastructure» provide for increasing the innovative projects cycle implementation efficiency from the idea to the financial result, including the time frame and the investment return.
Tatneft considers that strengthening of the own research and educational centers is the most important condition for this.

Strategic objectives also include the development of innovative opportunities in the infrastructure of cities and settlements in the territories of the Group's enterprises operation.

The Board of Directors considered the issue of the depository bank with regard to to the American Depositary Receipts program of Tatneft and decided to appoint the Citibank, N. A. as the depository bank.

To read the news in Russian.

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