Meeting of the Board of Directors of Taneco

A Board of Directors meeting of OAO TANECO chaired by Farid Davletshin, Head of the Investment Department of OAO TATNEFT, was held on July 27.

The first item of the agenda was the production plan execution for the last month and plans for the next one. The amount of 622,700 tons of crude oil was processed in June 2012. 615,089 tons of petroleum products were produced. The Board of Directors approved the plan of raw materials processing and products output for August 2012.

Further on the information was presented on the status of accounts receivable and payable, settlements with contractors for the construction and installation works performed, and also the data on the budget revenues and expenditures.

The meeting also considered a number of other issues of the Company’s financial and economic activities.


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