OREANDA-NEWS. OAO TATNEFT Board of Directors has reviewed the results of executing OAO TATNEFT budget for 10 months of 2006 and has approved the budget for December of the current year.

The Board has discussed the results of OAO TATNEFT financial and business activity for 9 months of 2006. The amount of 19 million 102 thousand tons of crude oil has been produced for the reporting period accounting for the excess in the amount of 41 thousand tons of crude oil versus a similar period of the previous year.

The revenues from selling the shipped production of OAO TATNEFT amounted to 140 billion roubles and increased by 8.8% versus a respective period of the previous year. The Company's financial and business activity resulted in earning over 45 billion roubles of balance sheet profit.