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United States

Profile: Tatneft' PAO (OAOFY.PK)

OAOFY.PK on OTC Markets Group

51.00USD
8 Dec 2017
Change (% chg)

$0.71 (+1.42%)
Prev Close
$50.29
Open
$51.00
Day's High
$51.27
Day's Low
$49.93
Volume
6,517
Avg. Vol
1,986
52-wk High
$52.34
52-wk Low
$34.07

Tatneft' PAO, incorporated on July 19, 2002, is a subsurface user, operator and supplier of oil and gas resources, and manufacturer of petrochemical products. 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 consists of purchases and sales of crude oil and refined products from third parties, own refining activities and retailing operations. The Petrochemical products segment consists of production and sales of tires, and petrochemical raw materials and refined products, which are used in production of tires. The Company and its subsidiaries are engaged in crude oil exploration, development and production principally in the Republic of Tatarstan. The Company is also engaged in refining and marketing of crude oil and refined products, as well as production and marketing of petrochemicals. The principal business assets are located in the territory of the Russian Federation and the business projects are carried out in the domestic and foreign markets.

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 petrochemical, refining and marketing and distribution operations are carried out at its manufacturing facilities. The Company supplies its products to Chuvashia, Udmurtia, Samara, Bashkortostan, Kazakhstan, Chelyabinsk, Nizhny Novgorod, West Siberia, Republic of Belarus and other areas. The Company sells products manufactured by the enterprises and divisions of the Company to outside organizations through the TATNEFT Trade and Technical House, which is a structural division of the Company.

Tatneft Trade and Technical House sells materials, including metal/plastic steel pipes, glass fiber pipes, steel corrosion resistant pipes, steel pipes with internal cement/sand lining and external polyethylene insulation, steel pipes with external polymer insulation, thermal insulated pipes and fittings thereto, cable products, oil field equipment, drilling equipment, unclaimed and non-liquid logistical resources and second-hand pipes. The Company operates approximately 690 filling stations, including over 560 stations in the Russian Federation, approximately 20 stations in Belarus and over 110 in Ukraine. The Company's subsidiaries include Tatneft Europe AG, Taneco JSC, Nizhnekamskshina PJSC, Nizhnekamskiy zavod shin CMK OOO, Trade House Kama OOO, Tatneft AZS-Centr OOO and Tatneft AZS-Zapad OOO.

Company Address

Tatneft' PAO

ul. Lenina, dom 75
ALMETYEVSK     423450
P: +7855.3456565
F: +7855.3307800

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