23/03/2018

Press release: Representatives of TATNEFT and TANECO Took Part in the International Conference

 

Representatives of TATNEFT and TANECO took part in the international conference "Argus Tatarstan 2018. Oil refining, trading, logistics", which was taking place from March 21 to 23 2018 in Kazan, Russia.

The welcoming speech to the participants of the event’s plenary part was presented by Nail Maganov, General Director of TATNEFT Company. He pointed out that holding of such a forum in Tatarstan is not only the evidence of the Russia's integration into the European and global space, but also a sign of growing interest to the Tatarstan's experience in the development of oil refining.

The subject of the Russian oil refining industry development and various aspects of oil products trading raised at the forum is very relevant today. The efficient development of oil refining requires an understanding of the processes occurring in the world oil products market and it is necessary to take into account the logistics component, price risks and a, lot of other factors.

According to Nail Maganov, conferences of this level are a platform for exchange of opinions on significant issues of the oil refining and related industries development of, as well as a good opportunity to strengthen mutually beneficial partnership relations.

On March 21, which was the first day of the conference, its participants visited the Company’s TANECO Oil Refinery and Petrochemical Plants Complex, which TATNEFT implemented practically from scratch. The Company created refinery facilities of a new technological generation with maximum processing depth at the site of Nizhnekamsk. The project implementation ensured a synergistic effect for many sectors of the national economy: domestic machine building enterprises, construction industry, and metallurgy. The advanced environmental technologies implemented at the Complex allow obtaining a number of cascading effects, including the opening of new production facilities for fabrication of domestic import-substituting products.

Within the framework of the forum, its participants also got acquainted with new projects, discussed the current state and prospects for the development of the world and Russian oil refining.

Ilshat Salakhov, Deputy General Director of TANECO for Technical Support and Quality, presented a report to the audience on the development of the Oil Refining and Petrochemical Plants Complex of Nizhnekamsk. TATNEFT systematically implements the program of increasing the performance of the TANECO Complex.  2018 will witness the development of the NP and NPP complex related with commissioning of the isomerization and reforming facilities, which will allow the production start of the premium-grade motor gasoline grades corresponding to Euro-5 standard. The planned launch of ELOU-AVT-6 will increase the capacity of the Complex to 14 million tonnes per year and turn half of the oil volume produced in the region into liquid products for Russia. Alexey Zurbashev, Head of Technical Department and Development presented information on the development of the TATNEFT’s oil business, which includes the production of Groups ll and lll base oils of the API classification, as well as the production of hydraulic, motor and other lubricants based on them. Particular attention was paid to the production of polyalphaolefin-based oils and the prospects for expanding the range of products on their basis.

David Wordsworth, Commercial Director of Chevron, shared his successful experience of cooperation with PJSC TATNEFT within the framework of the TANECO project.

Within the framework of the conference, there was a discussion on the issue of the effective logistics and trading arrangement schemes that contribute to strengthening the TATNEFT Company’s position as a reliable supplier of high-quality petroleum products to external and domestic markets. The companies from Brazil expressed their willingness to conclude contracts for the purchase of the TANECO’s products.

Traders from Kazakhstan, Tajikistan, Azerbaijan, French company Total took part in the conference. In total, aggregate there were more than 200 representatives of various oil-refining companies, professionals from regional ministries and departments took part in the international conference. The participants of the forum were able to outline ways of solving the tasks facing the industry.

Forward-looking statements: The present the materials to contain certain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of a historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC TATNEFT assumes no obligations to update the forward-looking statements contained herein to reflect the actual results, changes in assumptions or changes in factors affecting these statements


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