Russia: Tatneft Expects Rub 80bn Profits in 2011
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Wednesday, 28 December 2011 |
Tatneft’s General Director, Shafagat Takhautdinov (pictured), has said that the Russian oil firm expects to boost pre-tax profit for 2011 to RUB 80bn. The result would mark a significant increase on last year’s figure of RUB 52.3bn.
Takhautdinov told Interfax reporters that the company will produce 25.9 million tonnes of oil in 2011, 50,000 tonnes for than last year, as capital investments total RUB 84bn. Overall budgets for 2011, he added, will come in 30% higher than in 2010.
PetrolWorld 28122011
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