Profile: Tatneft' OAO (OAOFY.PK)
6 Dec 2013
Tatneft’ OAO , incorporated on January 1, 1994, through its subsidiaries is engaged in crude oil exploration, development and production principally in the Republic of Tatarstan. The Company also engages in refining and marketing of crude oil and refined products, as well as production and marketing of petrochemicals. The Company operates in three business segments: exploration and production, refining and marketing and petrochemicals. In December 2007, the Company acquired equity interests in AmRUZ Trading AG (AmRUZ) and Seagroup International Inc. (Seagroup). These entities' primary activities are ownership interests in Ukrtatnafta, the owner of the Kremenchug refinery, which constitute 8.34% and 9.96% of the outstanding common shares in Ukrtatnafta, respectively.
Exploration and production segment activities consist of exploration, development, extraction and sale of own crude oil. Refining and marketing comprises purchases and sales of crude oil and refined products from third parties, own refining activities and retailing operations. Sales of petrochemical products include sales of tires and petrochemical raw materials and refined products, which are used in production of tires.
75, Lenin St.