OAO Tatneft · Almetyevsk, Tatarstan Russia ·(London: ATAD)
Company Description
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This link will open in a new window There's a lot of oil and gas heft in Tatneft. One of Russia's largest integrated oil companies, Tatneft explores for, produces, refines, and markets oil and gas. Tatneft sits on 6.1 billion barrels of proved crude oil reserves, and accounts for about 8% of Russia's total oil production. The company has formed joint ventures and strategic alliances with Russian and Western oil and gas companies. The Tatar government owns 36% of Tatneft, which has formed its first joint venture to develop fields outside Tatarstan (in Kalmykia, a republic in southern Russia). To read the full description, subscribe now.
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Key OAO Tatneft Financials
| Company Type | Public - London: ATAD Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $14,551.6 |
| Employees | 26,784 |
OAO Tatneft Executives
22 executives listed for OAO Tatneft's Almetyevsk, Tatarstan location.
| Title | Name & Bio | Contact |
| Chairman | Rustam Minnikhanov | Network |
| General Director | Shafagat Takhautdinov | Network |
| Deputy General Director, Capital Construction | Semyon Feldman | Network |
Competition
Competitive Landscape for OAO Tatneft
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top OAO Tatneft Competitors
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