OREANDA-NEWS. A meeting of the Board of Directors of JSC "TANECO" chaired by Nail Maganov, General Director of JSC TATNEFT, was held in Nizhnekamsk (Tatarstan).

The Board of Directors discussed the results of the financial and economic activities of JSC "TANECO" in 2013. Processing of crude oil at the facilities of the Complex reached 7,621,631 tons. The annual average crude oil refining depth index amounted to 73.54 %. The contribution of the Oil Refining and Petrochemical Plants Complex to increasing the volumes of crude oil refining in the Russian Federation accounted for 10 % by the end of 2013.

More than 65,000 quantitative chemical analyses were made during the reporting period to ensure environmental safety in the "TANECO" territory, as well as in nearby inhabited localities. The target values were consistently maintained within the established standards. The treatment facilities operating in a closed cycle provided the return of up to 80 % of purified water back to production. The total amount of water recycled to the production increased by 32% compared with 2012.

According to the agenda the Executive Directorate reports were presented on technical, economic and financial performance of the "TANECO” Complex in March this year. The amount of 687,173 tons of crude oil was processed in the operating mode of the refinery facilities in March with shipment of 669,750 tons of petroleum products. The members of the Board of Directors approved the implementation of the production plan and budget performance for the reporting period and approved the operating plans and budget for May and the IInd quarter of 2014.

The Board of Directors took into consideration the information about elaborating the plan of activities to gradually increase the MTBF of the processing facilities.

The Board of Directors preliminarily approved the annual report and annual financial statements of JSC "TANECO" for 2013, as well as took decisions related to preparation and holding of the annual general meeting of shareholders.

The Board of Directors meeting also discussed a number of other issues of JSC "TANECO" activities.