Profile: Tatneft' PAO (OAOFY.PK)
2 Dec 2016
Tatneft' PAO, incorporated on July 19, 2002, 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 through three segments: Exploration and production; Refining and marketing, and Petrochemical products. The Exploration and production segment consists of exploration, development, extraction and sale of own crude oil. The Refining and marketing segment includes purchases and sales of crude oil and refined products from third parties, own refining activities and retailing operations. The Petrochemical products segment includes production and sales of tires, and petrochemical raw materials and refined products, which are used in production of tires.
The Company's subdivisions and subsidiaries provide ancillary services, such as sales of oilfield equipment and drilling services provided to other companies in the Republic of Tatarstan, sale of auxiliary petrochemical related services and materials, as well as other business activities. The Company's oil and gas fields are located principally on the territory of Tatarstan. The Company's petrochemical, refining and marketing and distribution operations are carried out at its manufacturing facilities. The Company's subsidiaries include Tatneft Europe AG, Taneco JSC, TMS group OOO, Burenie OOO, Nizhnekamskshina PJSC, Nizhnekamskiy zavod shin CMK OOO, Trade House Kama OOO, Tatneft AZS-Centr OOO and Tatneft AZS-Zapad OOO.