- CEO
- Nail Ulfatovich Maganov
- Full Time Employees
- 48,078
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 75 Lenin Street Almetyevsk TT Russian Federation 423450
- IPO Date
- Dec 13, 1996
- Business
- PJSC Tatneft named after V.D. Shashin (TATN.ME) is a vertically integrated oil and gas company engaged in the exploration, production, refining, and marketing of crude oil and petroleum products primarily in Russia. The company operates through key segments including Exploration and Production, where it develops oil and gas fields mainly in the Republic of Tatarstan such as the Romashkino super-giant field; Refining and Marketing, encompassing the TANECO refinery complex that processes vacuum gasoil into low-sulfur Euro-6 diesel, naphtha, gasoline, and other refined products; Tires Business, producing passenger car, light truck, agricultural, and industrial tires through facilities like Nizhnekamskshina and assets acquired from SIBUR; Financial Services via subsidiaries Bank Zenit and Bank Devon-Credit; and Corporate and Other Sales, involving oilfield equipment manufacturing, petrochemical services, engineering, procurement, construction for oil and gas projects, and a network of TATNEFT-branded filling stations. It also handles associated petroleum gas treatment, exports crude oil to Europe and other markets, and pursues heavy and high-viscosity oil recovery using advanced horizontal well technologies.
Founded in 1950 and headquartered in Almetyevsk, Republic of Tatarstan, Russia, PJSC Tatneft conducts the bulk of its upstream operations in Tatarstan while maintaining international activities in exploration and production in countries including Syria, Libya, Angola, Vietnam, and Oman, as well as refining and retail presence focused on Russia and select neighboring regions. The company targets domestic refineries, export markets, retail consumers via its gas stations, tire manufacturers, and financial clients, with a diversified portfolio that includes petrochemicals and equipment sales.
In recent developments, PJSC Tatneft launched a new hydrocracking unit at its TANECO refinery in July 2025, adding 1.2 million metric tons per year of capacity to produce 0.64 million tons of low-sulfur Euro-6 diesel and 0.229 million tons of naphtha, enhancing deep oil conversion capabilities following the initial hydrocracker commissioning in 2014. The company continues heavy investment in the TANECO complex, field development, pipeline replacements, and petrochemical expansion, with capital commitments reaching RUB 125.8 billion as of December 2024 to support ongoing projects. It reported robust financial performance in 2024, with sales revenue increasing to RUB 2.03 trillion and net profit under IFRS rising 6% to RUB 306.14 billion attributable to shareholders, alongside efforts to expand gas station networks and strategic partnerships in regions like Uzbekistan and Kazakhstan.