Tatneft

Tatneft

Tatneft OAO is a Russian vertically-integrated oil and gas company with headquarters in Almetyevsk, Tatarstan. The company was created in 1950 by the merger of several oil companies and related industries. Tatneft is listed on the Moscow (RTS|TATN) bourse, and its ADRs are traded on the Frankfurt (ISIN|US6708312052), and London (lse|ATAD) stock exchanges. In 1998, Tatneft was the first Russian company whose ADRs were traded on the New York Stock Exchange. For years, Tatneft traded under the ADR (stock symbol TNT). It retired that listing in 2006.

The main activities of Tatneft are:

* gas and oil exploration and production
* gas and oil refining and marketing
* petrochemicals
* banking services (through its subsidiaries Bank Zenit and Bank Devon-Credit)

As of today, Tatneft operates 77 oil fields, including the main field of the company - Romashkino, with total production capacity of 25 million tons of oil and 700 million tons of gas annually. Tatneft also owns more than 540 petrol stations in Russia and Ukraine.

The main shareholder is the Republic of Tatarstan through its holding company Svyazinvestneftekhim, which holds 36% of Tatneft. The Government of Tatarstan holds also a golden share in the company.

External links

* [http://www.globalarbitrationreview.com/news/article/4839/orrego-vicuna-chair-oil-refinery-claim/ Tatneft v. Ukraine BIT of 10 October 2008] and [http://www.arbitration-icca.org/officers-and-members/MEMBERS/Francisco_Orrego_Vicuna.html President Francisco Orrego Vicuna]
* [http://www.tatneft.ru/eng/ Company website]


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