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Company Overview: OAO Tatneft

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AO Tatneft is an open joint stock company organised under the laws of Russia and Tatarstan. We were privatised in 1994. Substantially all of our production and operations are in Tatarstan, a republic of Russia situated between the Volga River and the Ural Mountains. Tatarstan is one of the most developed regions in Russia, and has recently demonstrated stable economic growth. Currently, we hold most of the exploration and production licenses, and produce substantially all the crude oil in Tatarstan.

Company Highlights

Fourth largest oil producer in Russia with stable annual production of approximately 170 million barrels
As of January 1, 1999, AO Tatneft's total proven reserves of crude oil were approximately 892 million tons (6,353 million barrels)
Pure exploration and production company unlike other major Russian vertically integrated oil companies

Quick Facts

Line of Business: Exploration and production
Ownership: Public
Stock Exchange: NYSE
Stock Ticker: TNT

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Companies >> Exploration & Production >> O-Q