A regular meeting of the Board of Directors of PJSC TATNEFT, chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on July 21, 2017.

The meeting considered the results of the Company's budget implementation for the first half of the year and approved the budget for August of the current year.

The Board of Directors discussed the results of implementing the corporate program aimed at supporting small business in the southeastern part of the Republic. According to the results of the first half of the year, all planned technical and economic indicators were fulfilled, the revenue growth of OOO 'Idea-Southeast' amounted to 179.8% compared to the same period of the previous year. Following the initiative of TATNEFT, the amount of leased out areas increased by 24% as compared to the beginning of the year, which caused the increase in the number of tenants and new jobs were created. Plans for the near future envisage creation of new innovative production facilities in the Technopark: workshops for the processing of old tires and the production of rubber coatings used in the construction and improvement of territories; yielding of fiberglass fittings and construction netting; repair of labor saving tools and equipment of the TATNEFT's structural divisions and subsidiaries.

The participants of the meeting approved the participation of TATNEFT in the development of special economic zones in the Nizhnekamsk and Almetyevsky districts, establishment of industrial parks in the Almetyevsk, Leninogorsk and Bugulma districts through the industrialization of existing areas, and recommended that the Executive Management of the Company should continue with establishing an industrial cluster for diversification and increasing the competitiveness of the products.

The information on the implementation of the TATNEFT Group's investment program for six months of this year was presented to the Board of Directors

The Board of Directors also considered a number of other issues of the Company's activities.

OAO Tatneft published this content on 21 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 July 2017 12:34:06 UTC.

Original documenthttp://www.tatneft.ru/press-center/press-releases/more/5367/?lang=en

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