The Company consolidates its charitable funds into a single 'TATNEFT'S Charity Fund'.

The Company's management has decided to consolidate the activities of existing charitable funds 'Gifted Children', 'Rukhiyat', 'Mercy' and 'Tazalyk' into a single 'TATNEFT's Charitable Fund'. These funds were established at different periods to implement the Company's social projects related to the support of education, culture, crafts scientific creativity, sports, and providing material assistance to various categories of the population. Today they joined into the unified fund with the namesake programs, retaining their functions, staff and the amount of funding.

The he consolidation of into a single structure will allow increasing the efficiency of the Company's social and charitable activities, TATNEFT brand recognition as a socially responsible company; financing transparency of social and charitable projects, etc.

Currently, the planned work integrating of functional, operational and regulatory mechanisms of the funds' activities in the framework of a single organization.

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OAO Tatneft published this content on 07 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 May 2018 13:16:06 UTC