Rustam Minnikhanov held a regular meeting of the Board of Directors of Tatneftekhiminvest-Holding OJSC

As of the end of Q1 2018, the   output of the oil, gas, and chemical sector of the Republic of Tatarstan remains at the level of the last year. Index of petroleum product production was 105.8%, index of rubber article production was 115.4%. Amount of oil production, and chemicals and plastic items production reduced. This was notified at the meeting of the Board of Directors of Tatneftekhiminvest-Holding OJSC by Director General of the holding Rafinat Yarullin.

As it was explained by Rafinat Yarullin, the output at the key enterprises increased by 2.3%. The highest paces of growth were demonstrated by the tyre sector of Tatneft, TAIF-NK, and Karpov Chemical Plant.

Oil, gas, and chemical sector remains highly export oriented. Over a half of the products of the key enterprises was sold abroad. Export of consumer products (motor fuels, household chemistry, rubber tyres and sleeves, carbamide, polymeric sheets and films, packaging items) increased. Share of sales on foreign market reduced in the revenues of Kazanorgsintez PJSC and Ammoni complex.

Plastic items, on the contrary, are almost not exported. Tatarstan ensures below 1% of Russian export of small-size enterprise products. Rafinat Yarullin named such main restrictions as high level of competition on foreign markets, the need for certification, and large transportation distances.

In Q1 of this year, payments of the oil, gas, and chemical sector of the Republic of Tatarstan to the budget of the republic reduced by 3%. At the same time, tax payments by Tatneft Group companies, Kazanorgsintez, Karpov Chemical Plant, and residents of Khimgrad technopolis increased. In total, enterprises of the oil, gas, and chemical sector paid RUB 82 bln to the budgets of all levels.

Deputy Minister of Economy of the Republic of Tatarstan Nataliya Tarkaeva took part in the meeting of the Board of Directors of Tatneftekhiminvest-Holding OJSC.