Tatneft (Russian: ПАО «Татнефть»; traded as: MCXTATN, FWBTTFB) is a Russian vertically integrated oil and gas company with headquarters in the city of Almetyevsk. It is the sixth largest oil company in Russia.[3]

OAO Tatneft
Native name
ОАО «Татнефть»
Public (OAO)
Traded asMCXTATN
ISINRU0009033591 Edit this on Wikidata
IndustryOil and gas
Founded1950 (1950)[verification needed]
FounderMinistry of Oil Industry
Key people
Rustam Minnikhanov (Chairman of the Board of Directors)
Nail Maganov (CEO)
Natural gas
Revenue$11.7 billion[1] (2017)
$2.15 billion[2] (2016)
$1.58 billion[2] (2016)
Total assets$16.3 billion[2] (2016)
Total equity$10.6 billion[2] (2016)
Number of employees


Tatneft was created in 1950 by the merger of several local oil companies and related industries. Tatneft is listed on the MICEX-RTS, and its ADRs are traded on the Frankfurt (ISIN: US6708312052) and London (LSEATAD) stock exchanges. For years, Tatneft traded under the ADR (stock symbol TNT). It retired that listing in 2006. In 2013 Tatneft produced its one millionth tire.[4]


The main activities of Tatneft are:

  • gas and oil exploration and production
  • gas and oil refining and marketing
  • petrochemicals (including Nizhnekamskshin tire-making plant)
  • banking services (through its subsidiaries Bank Zenit and Bank Devon-Credit)

Tatneft is the first Russian oil company, which developed a contract with Syria to extract oil. The contract became effective in March 2005.[5]

In 2007, Tatneft had total proved reserves of approximately 6.140 billion barrels of crude oil according to the audit by Miller and Lents.[6] It operated 77 oil fields, including the main field of the company - Romashkino, with total production capacity of 25 million tons of oil and a very high amount of natural gas annually. Other main oil fields are Novo-Yelokhov and Bavly.[7] In addition to Russia, it conducts exploration and production operations also in Libya, Angola, Syria, Iran, Vietnam, Oman and Saudi Arabia.[7][8] In 2008, Tatneft's crude oil production was 189 million barrels and was expected to shrink by 1.5% to 186 million barrels in 2009.[9]

As of 1 July 2010, Tatneft had 626 filling stations, of which 490 are located on the territory of the Russian Federation and 136 are located in Ukraine.[10]

In September 2007, Tatneft formed a strategic partnership with Royal Dutch Shell to develop heavy crude oil (bitumen) production in Tatarstan.[11] It considers similar partnership with Chevron.[12]

Through its subsidiary TANEKO, Tatneft is constructing the Nizhnekamsk refinery and petrochemical complex, which it intends to commission in phases in 2009 and 2011-2012.[13] The complex will include of refineries with the capacity of seven million tons per year, deep oil conversion plant of 3.5 million tons per year and petrochemical plant, which will produce linear alkyl benzene for production of washing materials and oil lubricants, paraxylene and terephthalic acid for production of polyester fibers (u1074), cellophane film and bottles, and polypropylene.[7] The complex is expected to cost US$3–3.2 billion, of which $2 billion was invested in 2008, and $1–1.2 billion would be invested in 2009.[14]

Metal Mining Wire reports that in the first half of 2013, Tatneft has installed 630 gas filling stations across Russia. In Ukraine, the number of filling stations has reached 114, and Belarus has received a total of eight gas filling stations. Tatneft delivered 730,000 tons of petroleumand gas products to its filling stations. Tatneft also upgraded many of its stations to deliver diesel fuel and eco-friendly grade five gasoline, both of which have a lower negative environmental impact than traditional gasoline. As of July 2013, Tatneft is evaluating ways to install solar panels at its filling stations in an effort to save resources.[15]


The main shareholder is the Republic of Tatarstan through its holding company Svyazinvestneftekhim, which holds 34% of Tatneft.[7] The Government of Tatarstan holds also a golden share in the company.


Tatneft has an ongoing dispute with the Government of Ukraine over control in Ukrtatnafta, an owner of the Kremenchuk oil refinery.[16] Ukrainian state-owned energy company Naftogaz Ukrainy owns 43.1% of shares in Ukrtatnafta, Tatneft owns 8.6% and Government of Tatarstan owns 28.8%.[17] 18% of the shares were transferred to two offshore companies allied with Tatneft, transaction which was not recognized by Ukrainian authorities. According to the court decision, these share were handed over to Naftogaz and in October 2007, there was a management change, which is not recognized by Tatneft. In March Tatneft filed international arbitration against Ukraine.[16]

On 9 July 2008, after signing an agreement between the United States and the Czech Republic to host a tracking radar for an antiballistic missile system, Tatneft reduced oil supplies through the Druzhba pipeline to the Czech Republic. Tatneft said that it re-routed volumes from the Czech Republic to Turkey due to better prices.[18] Although officially the linkage between reduction of oil supplies and the radar agreement was not claimed, it was suspected.[19]


In 2013, TatNIPIneft, the Tatar Oil Research and Design Institute devised a new technology called SSG-VUKSZHS, which increases the depletion of oil reservoirs using a composition based on silica gel. The technology has been applied by Tatneft to enhance the recovery of oil, after winning the Grand Prix for best exhibit, engineering design or technical solution at the XX International Oil and Gas Exhibition 2013 held in Baku, Azerbaijan, in June.[20]


  1. ^ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  2. ^ a b c d http://www.tatneft.ru/storage/block_editor/files/1d09caae58ec10377a14bf0c4b73de5b1e9bc553.pdf.
  3. ^ Vedomosti (2 March 2006). "Tatneft ready to encumber 5% stake". Antanta Capital. Retrieved 11 January 2009.[dead link]
  4. ^ Benjamin Close, "Tatneft's tire manufacturing facility produces millionth solid steel cord tire" Archived 10 June 2015 at the Wayback Machine, Metal Mining Wire, 24 Apr 2013
  5. ^ Katz, Mark N. (2006). "Putin's Foreign Policy Toward Syria" (PDF). MERIA. Retrieved 24 February 2013.[permanent dead link]
  6. ^ "UPDATE 1-Russia Tatneft replaces 124 pct of reserves in 2007". Reuters. Reuters New Agency. 7 May 2008. Retrieved 8 May 2017.
  7. ^ a b c d "Tatneft" (PDF). Veles Capital. 22 September 2008. Retrieved 11 January 2009. Cite journal requires |journal= (help)
  8. ^ "Tatneft' OAO. Summary". Google Finance. Retrieved 11 January 2009.
  9. ^ "Tatneft oil firm posts 21.7% net profit drop in 2008". sputniknews.com. Sputnik International. 27 April 2009. Retrieved 8 May 2017.
  10. ^ "Home Page (in Russian)". OAO Tatneft. Retrieved 5 November 2010.
  11. ^ "Tatneft and Shell to develop strategic partnership" (Press release). Royal Dutch Shell. 27 September 2007. Archived from the original on 12 December 2007. Retrieved 11 January 2009.
  12. ^ "Russia's Tatneft eyes Chevron tie-up". Upstream Online. NHST Media Group. 1 April 2008. Retrieved 11 January 2009.
  13. ^ "Fitch release on OAO Tatneft". Reuters. 11 July 2008. Retrieved 11 January 2009.
  14. ^ Vladimir Soldatkin (5 May 2005). "Tatneft to seek up to $1.2 bln for refinery". Reuters. Retrieved 30 May 2005.
  15. ^ Moran, Mike. "Tatneft installs 630 gas filling stations during first half of year" Archived 4 October 2013 at the Wayback Machine, Metal Mining Wire, 18 July 2013 (retrieved 22 July 2013).
  16. ^ a b "O.A.O. Tatneft - Arbitration against Ukraine". Reuters. 17 March 2008. Retrieved 11 January 2009.
  17. ^ "Ukraine deputy PM says Kremenchug head illegal". Reuters. 24 October 2007. Retrieved 11 January 2009.
  18. ^ "Russia Tatneft says re-routed Druzhba oil to Turkey". Reuters. 15 July 2008. Retrieved 11 January 2009.
  19. ^ Andrew E. Kramer (11 July 2008). "Russian oil to Czechs slows after U.S. pact". International Herald Tribune. Retrieved 11 January 2009.
  20. ^ Waits, Douglas (1 October 2013). "Eco-friendly technologies to improve oil recovery". Cistran Finance. Archived from the original on 29 October 2013. Retrieved 25 October 2013.

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