The meeting of the Board of Directors of JSC “TANECO” chaired by Nail Maganov, Deputy General Director – Head of URNiN Department of JSC TATNEFT was held in Nizhnekamsk on April 25.
In accordance with the agenda the Board of Directors was presented reports of the Executive Directorate on the technical/economic and financial performance as well as the “TANECO” investment program execution for March and Q1 of 2013. In the mode of comprehensive testing and operation of the start-up complex 1A1 facilities there had been processed 644,597 tons and 1,822,452 tons of crude oil respectively. The members of the Board of Directors approved the production plan execution and the execution of the budget for the reporting period and approved the budget for May 2013. The production plan of work for May and Q2 was adopted taking into account the planned work to be carried out at the complex in April 2013 and the related expected volume of crude oil refining in the current month in the amount of about 200 thousand tons.
The Board of Directors was briefed on the state of the production control of industrial safety and occupational health at JSC “TANECO” and pre-approved the annual report and the annual financial statements of JSC “TANECO” for 2012, as well as took decisions on a number of issues related to preparation and holding the Annual General Shareholders’ Meeting of JSC “TANECO” for 2012.