Institutional investors have visited Tatneft Group's production facilities and met with the company's management.
The group said investors representing investment funds Prosperity Capital, TKB Investment Partners, East Capital, Sberbank AM, Franklin Templeton and Verno Capital as well as analysts and managers of Renaissance Capital visited the Taneco refinery complex on 3 October.
They were briefed about the operations of key production facilities, including the delayed coking unit, which following its launch in the summer of this year allowed Taneco to cease production of fuel oil, increase the depth of refining to record 99% and output of light products to 87%.
Also the investors had a chance to observe the progress of works on construction of units designed to enhance the quality of output (hydrotreaters, reforming and others) as well as the CDU-VDU-6 and other facilities of the project to expand highly effective refining capability of the company.
At the company's headquarters in Almetyevsk the investors met with the management team of Tatneft led by the general director. In his introduction Nail Maganov stressed the role of investors in creating value of the company and the importance of understanding by the market of the company's strategic goals and priorities.
Deputy general director for strategic development Nurislam Syubaev presented the core aspects of the company strategy until 2025, which was approved by the Board of Directors of Tatneft in early August 2016 (the presentation has been published on external web-site of the company in 'presentation to investors' sub-section of 'information disclosure' section of 'for shareholders' segment).
The strategy was calculated using three main macro scenarios, it assumes organic growth of oil production, expansion and increased contribution of refining segment into the Company's value, decrease of per unit costs and other measures, which in aggregate in the base case lead to doubling of Tatneft's value by 2025 in US dollar terms.