OREANDA-NEWS. September 01, 2010. A press conference of Sh.F. Takhautdinov, General Director, for representatives of federal and Tatarstan mass media, dedicated to the 60th anniversary of the Company's establishment was held in OJSC TATNEFT, reported the press-centre of TATNEFT.

Prior to the press conference, representatives of federal and republican media toured the social facilities of the oil capital of Tatarstan.

During the press conference Sh.F. Takhautdinov, General Director of OJSC TATNEFT, informed about activities of OJSC TATNEFT and the contribution of the Company in the social and economic development of the Republic of Tatarstan.

During communication with the press representatives the issues were raised concerning the global financial crisis and its impact on the Company, as well as about a new program of TATNEFT's energy and resource efficiency till 2020.

Journalists were interested in a dialogue with the federal authorities regarding tax incentives for small fields, development of viscous (bitumen) oil and hard-to-recover oil, and regarding the Company's plans in the development of the territories outside of Tatarstan and Russia, as well as the TANECO project implementation.

Completing the press conference, Sh.F. Takhautdinov, General Director of OJSC TATNEFT, shared plans of the Company for the coming period. One of the major objectives of the Company in the near future is implementation of a number of important investment projects. The largest of these is TANEKO Refinery and Petrochemical Plants Complex in Nizhnekamsk, which will allow receiving all types of motor fuels in accordance with current standards Euro 4 and over the longer term Euro-5, as well as components of raw material for petrochemical products. The other important task is the most complete and effective utilization of the capacity of the recently commissioned solid steel cord tire factory. Also, TATNEFT will continue to actively work to increase its oil production volumes in external territories.