PJSC Tatneft. Annual report 2017
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PJSC Tatneft. Annual report 2017

The status of the Company

ABOUT THE COMPANY

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TATNEFT IS ONE OF THE LEADING RUSSIAN OIL AND GAS PRODUCERS, WITH OVER 70 YEARS OF EXPERIENCE IN THE FIELD. THE STRATEGY OF VERTICAL INTEGRATION OF THE FULL INDUSTRIAL CYCLE IS IMPLEMENTED AT THE GROUP LEVEL. THE COMPANY’S MAIN ASSETS ARE IN THE RUSSIAN FEDERATION AND BUSINESS PROJECTS ARE UNDERWAY IN BOTH DOMESTIC AND FOREIGN MARKETS.

The TATNEFT Group provides management processes from the issuance of licenses for resource development to sale of oil, oil and gas refinery products, and petrochemicals on the domestic market and for export, as well as the production of equipment for oil mining, treatment, and processing of oil and gas, provision of engineering services, supplies and construction services for oil, gas, and petrochemical projects.

TheTATNEFT Group holds licenses for geological exploration, prospecting, and production of oil and gas in theRussian Federation. The main resource base of the Company is in the Republic of Tatarstan, including the Romashkinskiy field, one of the world’s largest fields. The business infrastructure includes geographical proximity to oil production areas, our own oil refineries and generating capacities, high-quality logistics for the sale of oil and oil products.

Since October 2016, with the acquisition of a controlling interest in the ZENIT Banking Group, the TATNEFT Group has also been engaged in banking activities. The banking segment includes PJSC Bank ZENIT and its subsidiaries (ZENIT Banking Group).

For more details on the structure of the TATNEFT Group, subsidiaries of TATNEFT, see the section of the Annual Report on «Financial Results», IFRS.