Oil production
Go to sectionOil and natural bitumen are the main mineral resources of the Republic of Tatarstan. Some 25% of the republic’s territory are oil-bearing areas..
Oil production is carried out by 31 oil companies, the largest of them being Tatneft
>>3.2billion tonnes of crude oil have been extracted in Tatarstan over the entire oil production history
Produced in 2017
In Tatarstan
35,7million tonnes
By Tatneft
28,6million tonnes
of associated petroleum gas is processed and delivered as a raw material to chemical enterprises of the republic
>1
billion tonnesCommercial hydrocarbon reserves
30
yearstheir reserve life is estimated at
7
billion tonnesResources of ultra-viscous oil and bitumen
TATNEFT
One of the Russia’s largest oil producers, operating as a vertically integrated holding. .
It incorporates steadily developing enterprises engaged in gas and oil production, refining, petrochemicals, tyre manufacturing, and a network of filling stations and services. Tatneft also participates in the capital of the financial (banking and insurance) sector companies
Tatneft is the flagship company in the development and application of advanced technologies in the petroleum sector and intensively sponsors research projects.
8 th
placeAt the end of 2017, it ranked 8th in market capitalisation among the Russia’s largest companies
Oil production output by Tatneft, million tonnes
- 30 million tonnes
-
26,12013
-
26,22014
-
26,92015
-
28,32016
-
28,62017
Number of employees
SMALL OIL COMPANIES
Today, a total of 30 small oil companies (SOCs) are successfully operating in the republic; this is a successful and vigorously developing, innovation active segment of the oil industry.
They collectively account for over 20% to 25% of the republic’s oil production.