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Tatneft creates new structural division

Tatneft has created the new Tatneft - Digital Development structural division, the company informed.

Vitaly Gataullin, Deputy CEO for digital development, was appointed as head of the new division.

The changes in the corporate structure are motivated by the need to further improve the management of Tatneft Group's information technology unit. The new division is intended to make the company's business processes more efficient benefiting from a wide range of digital tools, statement notes.

PJSC Tatneft (tax number: 1644003838) is the sixth largest oil company of the Russian Federation in terms of production. In 2017, the company increased crude oil production by 0.9% to 28.94 million tonnes.

IFRS net profit of Tatneft Group's shareholders for 9 months of 2019 decreased by 0.8% to RUB 172.719 billion ($2.654 billion) from RUB 174.096 billion ($2,834 billion) for the same period in 2018. Consolidated revenue from sales and other operating income net of export and excise duties increased by 2.41% to RUB 691.409 billion ($10.624 billion) vs. RUB 675.157 billion ($10.989 billion). EBITDA amounted to RUB 248.07 billion ($3.812 billion) against RUB 237.674 billion ($3.868 billion). Tatneft Group produced 22.4 million tonnes (159.2 million barrels) of oil and 764.9 million cubic meters of gas. The TANECO complex produced 7.2 million tonnes of petroleum products.

"AK&M", 14.02.2020 14:10


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