Tatneft plans investment program to rise 36.7%to 127 bln rbl ‘19

MOSCOW, Jan 22 (PRIME) -- Russian oil company Tatneft plans to raise investment program by 36.7% to 127.3 billion rubles in 2019, the company said in a statement on Tuesday.

The company earlier planned its investment program in 2019 at 147 billion rubles.

Spending on oil and gas production in the Tatarstan republic is planned at 27.5 billion rubles, on other exploration and development at 12 billion rubles, on production of highly viscous oil at 22 billion rubles, on the Taneko refineries and petrochemical plants at 38.2 billion rubles, on fuel stations at 4.3 billion rubles, on the tyre business at 8.3 billion rubles, on energy projects at 5.6 billion rubles.

The investment program for 2019–2030 amounts to 1.162 trillion rubles, including 799 billion rubles in the upstream.

(66.3634 rubles – U.S. $1)

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