Tatneft, Oil and Gas
The Board of Tatneft has recommended spending 50% of the profit under IAS for dividends-2016, the company reports.
So the dividends will amount to 22.81 roubles/share.
Tatneft-AZS Center, a part of the Tatneft’s structure, has filed an application to acquire 99% of shares of Vista.
The company has become the leader in Russia by the technologies in this sector.
On April 15th Tatneft started the capital repair at the Taneco oil refinery.
Petitions for payment for the loss of shares in Ukrtatnafta were filed in London and Moscow.
Tatneft, which owns one of Russia's largest oil refineries TANECO, hasn’t filed an application for the purchase of Lukoil's filling stations, the company reports.
Taneco reduced the volume of processing of petroleum raw materials and production by 1.8% in Q1 against Q1 2016. The output of saleable goods fell by 2%.
In Q1 2017 the enterprises of the group of companies "Tatneft" produced 7.2 million tons of oil. This is 4.1% more than within the same period last year.
In January-March 2017, Rosneft increased its gas production by 3.4% compared to the same period last year to 11.902 billion cubic meters, the Central Dispatch Department of the Fuel and Energy Sect
The net profit of Tatneft under IAS grew by 8.6% to 107.389 bln roubles in 2016, the company reports.
The revenue grew by 5% to 580.127 bln roubles.