Capital expenditures of Tatneft may go up to 55-60 billion roubles in 2014

The capital costs of “Tatneft” OAO may make up 55-60 billion roubles in 2014, assistant CEO of Tatneft V.Mozgovoy said. He has reminded capital costs made up 50 billion roubles in 2012. RIA Novosti reports.

Mozgovoy said that the total sum of capital expenditures will be divided between oil production and oil processing sectors in 2014. So, the company is about to put in operation a hydro cracker and increase production at the Ashalchinskoye deposit.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer